Corsicana full lease potential >$1B annual rent; nonbinding LOI
Company: Riot
The claim, verbatim
CEO Jason Les said a full lease of the Corsicana site would mean more than $1 billion of annual rent at full deployment; as of the August 10 call the site was only under a nonbinding letter of intent.
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: “Les said a full Corsicana lease would mean more than $1 billion of annual rent at full deployment. As of the August 10 call, the site was only under a nonbinding letter of intent.”
How we checked this
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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: “Les said a full Corsicana lease would mean more than $1 billion of annual rent at full deployment. As of the August 10 call, the site was only under a nonbinding letter of intent.”