US Stock Movement | Cloud computing service providers rise sharply, Riot Platforms (RIOT.US) surges over 11%

date
11/08/2026
According to the Zhitong Finance APP, on Tuesday, cloud computing service providers rose, with Riot Platforms (RIOT.US) soaring over 11% after reaching a $9.1 billion computing power agreement with Anthropic; Hut 8 (HUT.US) rose over 5%, while CoreWeave (CRWV.US), NEBIUS (NBIS.US), and IREN (IREN.US) gained nearly 2%. On the news front, it has been reported that insiders revealed that Anthropic has signed a long-term cloud computing contract worth $9.1 billion with Bitcoin mining company Riot Platforms, with a contract duration of up to 20 years. This is one of several large-scale computing power procurement agreements recently signed by Anthropic, reflecting the ongoing pressure faced by AI companies on the supply side of computing power.