Coin Bureau
Coin Bureau|Aug 18, 2026 10:38
🚨HUGE: Bitcoin miner Riot now earns more per megawatt hosting AI than mining Bitcoin. Its new $9.1 BILLION AI deal, reportedly with Anthropic, is projected to deliver margins 3x higher than mining. The 20-year lease covers 191 MW and averages roughly $455M in annual revenue. That's an 80%–90% margin, versus its roughly 30% Bitcoin-mining margin in Q2. Combined with its AMD lease, Riot has now locked in $9.8 BILLION across 241 MW. Riot also sold ~4,300 BTC in Q2 to help fund the pivot into AI data centers. The miner-to-datacenter flip is the trade of 2026.(Coin Bureau)
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