Corsicana campus 15-year lease to frontier AI lab
Company: Riot - Project: Corsicana
The claim, verbatim
In its Q3 2026 report, Riot announced the largest lease in its history: a 15-year lease of its entire Corsicana, Texas campus to an unnamed leading frontier AI lab, with a total contract value of approximately $28 billion over the initial term.
Source (primary)
Riot Platforms Soars 20% on Earnings and $28 Billion Corsicana AI Lease; Cipher Digital Plunges 13%, MARA Drops 5% - 24/7 Wall St. (-, news_article)
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Quote: “a 15-year lease of its entire Corsicana, Texas campus to an unnamed leading frontier AI lab. Riot Platforms said the Corsicana lease covers 910 megawatts of critical information technology (IT) capacity and carries a total contract value of approximately $28 billion over the initial term.”
How we checked this
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Additional evidence
confirms Riot Platforms Soars 20% on Earnings and $28 Billion Corsicana AI Lease; Cipher Digital Plunges 13%, MARA Drops 5% - 24/7 Wall St.
Quote: “a 15-year lease of its entire Corsicana, Texas campus to an unnamed leading frontier AI lab. Riot Platforms said the Corsicana lease covers 910 megawatts of critical information technology (IT) capacity and carries a total contract value of approximately $28 billion over the initial term.”
confirms Riot Platforms Soars 20% on Earnings and $28 Billion Corsicana AI Lease; Cipher Digital Plunges 13%, MARA Drops 5% - Yahoo Finance
Quote: “a 15-year lease of its entire Corsicana, Texas campus to an unnamed leading frontier AI lab”