Non-recourse project debt plan
Company: Riot
The claim, verbatim
Of $7.6 billion-$7.8 billion in total Corsicana and Rockdale project capital, $6.1 billion-$7 billion would come from non-recourse project debt at an illustrative 80%-90% loan-to-cost.
Source (primary)
[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 (-, news_article)
View cached copy (2026-11-05)Live source ↗Archive.org ↗
Quote: “total project capital is expected to be $7.6 billion-$7.8 billion, of which $6.1 billion-$7 billion would come from non-recourse project debt”
How we checked this
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Additional evidence
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: “total project capital is expected to be $7.6 billion-$7.8 billion, of which $6.1 billion-$7 billion would come from non-recourse project debt”
confirms Riot Platforms Inc (RIOT) (Q3 2026) Earnings Call Highlights: $38 Billion in AI Data Center ... - Yahoo Finance
Quote: “non-recourse project debt sized to contracted rent, with an illustrative 80% to 90% loan-to-cost ratio funding roughly $6.1 billion to $7 billion”
confirms Riot Platforms Signs 15-Year 910 MW Corsicana AI Lease Valued Near $28 Billion: who 7 outlets blamed - NewsCord
Quote: “Riot described its funding plan as non-recourse project debt sized to contracted rent, while it said the tenant would initially fund reimbursements if financing on comparable market terms is not available.”
confirms Riot Platforms Stock Jumps 14% on $28 Billion AI Lease at Texas Site - BigGo Finance
Quote: “Riot plans to fund the project primarily through non-recourse project debt sized to contracted rent, with an illustrative 80% to 90% loan-to-cost ratio implying $4.4 billion to $4.9 billion of borrowing”