$5.5B project capex, debt financing not yet secured
Company: Riot
The claim, verbatim
Riot estimates total project capital costs at $5.5 billion, to be financed primarily through debt backed by lease payments, although the financing has not yet been secured.
Source (primary)
Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss - TradingView (-, news_article)
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Quote: “Riot estimates the project’s total capital costs at $5.5 billion, financed primarily through debt backed by lease payments, although financing has not yet been secured”
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 shares surge on $28B AI lease as Hut 8 sinks on revenue miss - TradingView
Quote: “Riot estimates the project’s total capital costs at $5.5 billion, financed primarily through debt backed by lease payments, although financing has not yet been secured”