Corsicana tenant reimbursement funding
Company: Riot - Project: Corsicana
The claim, verbatim
Riot will reimburse the tenant $4 million per IT MW in phases after each phase is delivered and paying rent, expected to be funded with non-recourse project debt sized to contracted rent. If comparable market financing is unavailable, the tenant will fund the reimbursements directly and recover them as a credit against 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: “Reimbursements to the tenant are expected to be funded with non-recourse project debt sized to contracted rent.”
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: “Reimbursements to the tenant are expected to be funded with non-recourse project debt sized to contracted rent.”