Corsicana rent commencement terms
Company: Riot - Project: Corsicana
The claim, verbatim
Rent on each Corsicana phase commences no later than 60 days after delivery of its powered pads, and rent is payable on the full 910 MW irrespective of utilization.
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: “with rent on each phase commencing no later than 60 days after delivery of its powered pads”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Riot Platforms Reports Third Quarter 2026 Financial Results and Strategic Highlights - Riot Platforms |
Quote: “with rent on each phase commencing no later than 60 days after delivery of its powered pads”
confirms Riot Platforms Financial Results Reveal $28B AI Lab Lease - The Cryptonomist
Quote: “Rent for each phase begins within 60 days of that phase’s powered pads being delivered”
confirms Riot Platforms’ financial results spotlight a 15-year, $28B AI campus lease - Cryptonews.net
Quote: “Rent for each phase begins within 60 days of that phase’s powered pads being delivered”
confirms Riot Platforms Stock Jumps 14% on $28 Billion AI Lease at Texas Site - BigGo Finance
Quote: “Rent begins within 60 days of each phase's delivery.”
confirms Riot Platforms Signs 15-Year 910 MW Corsicana AI Lease Valued Near $28 Billion: who 7 outlets blamed - NewsCord
Quote: “Riot said rent starts as it hands over each powered pad, with commencement able to slip up to 60 days if the tenant's modules are not installed.”
confirms Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss - TradingView
Quote: “with rental payments beginning within 60 days of delivery”