Corsicana capital requirement
Company: Riot
The claim, verbatim
The Corsicana capital requirement is $6 million per IT MW, or $5.5 billion overall, implying an unlevered yield on cost of approximately 33%.
Source (primary)
Riot Platforms Reports Third Quarter 2026 Financial Results and Strategic Highlights - Riot Platforms | (-, news_article)
View cached copy (2026-11-05)Live source ↗
Quote: “$6 million per IT MW, or $5.5 billion overall, approximately half the capital intensity of a typical Tier 3 build, implying an unlevered yield on cost of approximately 33%.”
How we checked this
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Additional evidence
confirms Riot Platforms Reports Third Quarter 2026 Financial Results and Strategic Highlights - Riot Platforms |
Quote: “$6 million per IT MW, or $5.5 billion overall, approximately half the capital intensity of a typical Tier 3 build, implying an unlevered yield on cost of approximately 33%.”
confirms Riot Platforms Tops Revenue Estimates, Signs $28 Billion AI Lease for Corsicana Campus - Yahoo Finance
Quote: “its capital requirements are approximately half those of a typical top-tier data center development”
confirms Riot Platforms Financial Results Reveal $28B AI Lab Lease - The Cryptonomist
Quote: “Corsicana’s projected capital need stands at $5.5 billion, or $6 million per IT MW”
confirms Riot Platforms Signs $28 Billion AI Data Center Lease as Q3 Revenue Reaches $181.4 Million - Yahoo Finance
Quote: “The project requires approximately $5.5 billion in capital investment, equivalent to $6 million per IT megawatt.”