AI1 source
Bitcoin miner Riot could pay Anthropic 12% interest under $28 billion AI deal
Headline from CoinDesk
Key points
- Bitcoin mining firm Riot has entered a deal with AI company Anthropic valued at $28 billion.
- To finance its transition into data centers, Riot sold the majority of its bitcoin holdings.
- Under the new agreement, Anthropic can help fund the infrastructure buildout and earn up to 12% interest, which will be collected via rent deductions.
Summarized automatically by Kryptokite from reporting by CoinDesk. Read the original sources for full detail.
Coins mentioned
Sources
- CoinDeskBitcoin miner Riot could pay Anthropic 12% interest under $28 billion AI deal · 2 hours agoRead on CoinDesk
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