Debt to fund 80-90% of AI-lab project cost
Company: Riot
The claim, verbatim
Management expects debt financing to cover 80% to 90% of the AI-lab project's cost, leaving a net equity need of $30 million to $280 million after the planned AMD term loan.
Source (primary)
Riot Platforms Is Quietly Spending Its Bitcoin — Here’s Why That Matters - TIKR.com (-, news_article)
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Quote: “Management expects debt financing to cover 80% to 90% of the AI-lab project’s estimated $2.1 billion to $2.3 billion cost, leaving a net equity need of $30 million to $280 million after the planned $180 million AMD term loan”
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Additional evidence
confirms Riot Platforms Is Quietly Spending Its Bitcoin — Here’s Why That Matters - TIKR.com
Quote: “Management expects debt financing to cover 80% to 90% of the AI-lab project’s estimated $2.1 billion to $2.3 billion cost, leaving a net equity need of $30 million to $280 million after the planned $180 million AMD term loan”