Riot Platforms saw its stock price surge by 25% in after-hours trading, following reports of a significant deal involving artificial intelligence technology. The company is reportedly partnering with Anthropic, a prominent AI research organization, for a $9.1 billion contract. This value could potentially increase to $16.1 billion if two five-year extension options are exercised. The deal highlights Riot Platforms' commitment to investing in cutting-edge technologies.
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The terms of the agreement, including details on services and scope, have not been disclosed by either party. However, the move reflects a growing trend of companies prioritizing AI research and development.
