Non-recourse project debt at 80-90% loan-to-cost for data center builds
Company: Riot
The claim, verbatim
Riot funds initial data center builds with Bitcoin sales and cash, then adds non-recourse project debt at about 80% to 90% loan-to-cost, intending to scale the portfolio while limiting equity issuance.
Source (primary)
Why Riot Platforms (RIOT) Is Back In The Spotlight - Simply Wall Street (-, news_article)
View cached copy (2026-10-11)Live source ↗
Quote: “Riot's capital recycling model uses Bitcoin sales and cash for initial builds, then adds non recourse project debt at around 80% to 90% loan to cost”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The article describes this capital recycling model and says it is intended to scale the data center portfolio while limiting equity issuance.
Confirmed in the source:
- Riot uses Bitcoin sales and cash to fund initial data center builds
- Riot then adds non-recourse project debt at around 80% to 90% loan to cost
- The approach is intended to scale the data center portfolio while limiting equity issuance
What we did: Read our cached copy of the publisher (https://simplywall.st/stocks/us/software/nasdaq-riot/riot-platforms/news/why-riot-platforms-riot-is-back-in-the-spotlight) in full (11,140 characters, retrieved October 11, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Why Riot Platforms (RIOT) Is Back In The Spotlight - Simply Wall Street
Quote: “Riot's capital recycling model uses Bitcoin sales and cash for initial builds, then adds non recourse project debt at around 80% to 90% loan to cost”