Riot Platforms Signs $28 Billion AI Lease Giving Anthropic Veto Over Power Cuts
(3 hours ago) · 1 source · Summarized by CryptoBipto
Riot Platforms has signed a $28 billion lease agreement with AI company Anthropic that reportedly gives Anthropic veto power over voluntary power curtailments. This arrangement could affect Riot's ability to reduce electricity usage during peak demand periods, a practice that Bitcoin miners have historically used to earn revenue and support grid stability.
WHY IT MATTERS
Bitcoin mining companies use enormous amounts of electricity to run specialized computers that process transactions and earn new Bitcoin.
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SOURCES
- cryptoslate.com
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