Corsicana capital cost split
Company: Riot - Project: Corsicana
The claim, verbatim
Riot will fund $2 million per IT MW for site work and electrical infrastructure, and the remaining $4 million per IT MW will be reimbursed to the tenant in phases after each phase is delivered and paying rent.
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: “Riot will fund $2 million per IT MW for site work and electrical infrastructure, while the remaining $4 million per IT MW will be reimbursed to the tenant in phases, after each phase is delivered and paying rent.”
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: “Riot will fund $2 million per IT MW for site work and electrical infrastructure, while the remaining $4 million per IT MW will be reimbursed to the tenant in phases, after each phase is delivered and paying rent.”
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Quote: “Capital cost is about $6 million per MW, half a typical Tier 3 build; Riot funds $2 million of that for site work and power, and the tenant covers the rest, to be reimbursed from non-recourse project debt after each phase is delivered.”