Non-recourse project debt at 80-90% loan to cost
Company: Riot
The claim, verbatim
Management funds initial construction with Bitcoin sales and cash, then seeks non-recourse project debt at roughly 80% to 90% loan to cost once lease cash flows are in place.
Source (primary)
Why Riot Platforms Stock Is In Focus As $573 Million Loan Deadline Nears - Yahoo Finance (-, news_article)
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Quote: “then seeks non recourse project debt at roughly 80% to 90% loan to cost once lease cash flows are in place”
How we checked this
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Additional evidence
confirms Why Riot Platforms Stock Is In Focus As $573 Million Loan Deadline Nears - Yahoo Finance
Quote: “then seeks non recourse project debt at roughly 80% to 90% loan to cost once lease cash flows are in place”