Corsicana 910 MW lease with Frontier AI Lab
Company: Riot - Project: Corsicana
The claim, verbatim
Riot signed a 15-year triple-net powered land lease with a leading Frontier AI Lab for its entire Corsicana campus, covering 910 MW of critical IT capacity, with about $28 billion of total contract value and about $1.8 billion of average annual 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: “Executed a 15-year, 910 critical IT MW triple-net powered land lease with a leading Frontier AI Lab at Corsicana, representing approximately $28 billion in total contract value and approximately $1.8 billion in average annual rent over the initial term”
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: “Executed a 15-year, 910 critical IT MW triple-net powered land lease with a leading Frontier AI Lab at Corsicana, representing approximately $28 billion in total contract value and approximately $1.8 billion in average annual rent over the initial term”
confirms [Riot Platforms Q3 2026 Earnings Call] Riot Signs Largest-Ever $28 Billion, 910 MW AI Lease at Corsicana, Targets $2.2 Billion Annual NOI and Says No Equity Needed - finance.biggo.com
Quote: “a 15-year triple-net powered land lease with a leading frontier AI lab covering the entire 910 MW Corsicana campus. The deal is expected to generate roughly $28 billion of contract revenue over the initial term ($54 billion with extensions)”
confirms Riot Platforms’ financial results spotlight a 15-year, $28B AI campus lease - Cryptonews.net
Quote: “a 15-year agreement worth approximately $28 billion with a leading Frontier AI Lab for its entire Corsicana campus”
confirms Riot (RIOT) And Hut 8 (HUT) Sell Thousands Of Bitcoin To Fund AI Ventures, Share Buybacks - Bitcoin Magazine
Quote: “Riot signed a 15-year triple-net lease with an unnamed “Frontier AI Lab” for the whole of its Corsicana, Texas campus, 910 MW of critical IT capacity, worth about $28 billion over the initial term and $1.8 billion in average annual rent.”
confirms Riot Platforms Inc (RIOT) (Q3 2026) Earnings Call Highlights: $38 Billion in AI Data Center ... - Yahoo Finance
Quote: “signed its largest lease ever: a 15-year triple net lease with a leading Frontier AI lab for the entire 910 MW Corsicana campus, expected to generate ~$28 billion in contract revenue over the initial term”