AI lab build capex range with contingency
Company: Riot
The claim, verbatim
Illustrative capex for the 191 MW AI lab build is $2.1 billion to $2.3 billion; CEO Jason Les said the range includes a healthy contingency reserve.
Source (primary)
Riot Platforms Stock Fell 11% on October 16 After Cantor Cut Its Target. Here’s Where the Stock Could Go - TIKR.com (-, news_article)
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Quote: “Illustrative capex is $2.1 billion to $2.3 billion. ... Les said on the August 10 call that the capex range "includes a healthy contingency reserve."”
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Additional evidence
confirms Riot Platforms Stock Fell 11% on October 16 After Cantor Cut Its Target. Here’s Where the Stock Could Go - TIKR.com
Quote: “Illustrative capex is $2.1 billion to $2.3 billion. ... Les said on the August 10 call that the capex range "includes a healthy contingency reserve."”