Riot May Pay 12% Interest on Anthropic Lease Costs; Sold 20,264 BTC by Sept. 30
Photo: TokenPost
Riot Platforms’ lease with Anthropic includes a provision that could require the Bitcoin miner to pay 12% interest on construction costs, a financing term tied to a project Riot plans to fund largely through debt. Riot sold 20,264 Bitcoin (BTC) from January through September for about $1.5 billion. The company used the proceeds mainly for data-center construction and repayment of a $200 million loan from Coinbase. Riot held 2,418 BTC at Sept. 30 and expects to sell most of the Bitcoin it mines.
Source: TokenPost
