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Riot Platforms has a deal with Anthropic for funding if it can't get money from elsewhere.

DealRead the original at moomoo.com
Neutral

Riot has backup funding for its data center project if outside financing fails. But the 12% yearly interest is above the average cost for similar projects, so the agreement does not clearly change Riot's outlook.

RIOT · Riot Platforms

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The AI's read

That gives Riot another way to pay for the data center if outside lenders do not provide the money. But this route carries 12% yearly interest, above the average cost for similar projects. Lease support, guarantees, and prepayments also help development. The agreement does not say whether Riot will need to use this backup, so its benefits and cost point in different directions.

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