Riot Platforms shares rose more than 20% in pre-market trading after the bitcoin miner entered a $9.1 billion, 20-year agreement to supply an unnamed “frontier AI lab” with 191 megawatts of AI computing capacity at its Texas site. Bloomberg and CNBC reported the customer as Anthropic; neither Riot nor Anthropic has confirmed that identification. The transaction underscores the sector’s transition toward stable revenue streams from AI infrastructure.
Reframed the customer: Riot’s filing named only an unnamed frontier AI lab; Anthropic identification attributed to Bloomberg/CNBC reporting and noted as unconfirmed by Riot and Anthropic.
The agreement accelerates Riot’s shift from bitcoin mining to AI infrastructure.
The company, which once derived nearly all revenue from cryptocurrency production, now illustrates a broader move across the sector.
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and said The S&P 500 rose 2.35% on Monday to 7,549.94, its best day since April 8, as oil prices fell.
Apple raised about $7.5 billion in a seven-part U.S.-dollar bond sale on November 5, a term sheet seen by Reuters showed. Peak investor orders reached about $31 billion, according to people familiar with the matter, and proceeds will fund general corporate uses including share buybacks.
AP says another wipeout for AI data-center stocks more than erased Wednesday's gains, which were Wall Street's best in three months. The S&P 500 closed down 4.4%, the Dow 1,833 points (3.4%), and the Nasdaq 5.5%. Nvidia fell about 9.2%, AMD about 17%, and CoreWeave about 9.8%. Democratic midterm wins raised the possibility of data-center construction pauses — a fear, not an enacted moratorium. AP called it the S&P's worst drop since the April 2025 Liberation Day tariffs.
Apple shares slid about 2% after the company forecast a gross margin of 45% to 46% for the December quarter, below analyst estimates, citing higher memory costs and Siri AI expenses. A decline would be the third straight quarter of lower margins, despite stronger-than-expected revenue and iPhone results.
Strategy could create up to $30 billion in digital credit from its existing balance sheet to fund more Bitcoin purchases, executive chairman Michael Saylor said on the third-quarter earnings call.
