Corsicana to be funded with ~$5.5B non-recourse project debt, no equity expected
Company: Riot
The claim, verbatim
Riot expects to fund the reimbursements with non-recourse project debt sized to the contracted rent. It estimates the total capital requirement at about $6 million per MW, or $5.5 billion, and does not currently expect to issue equity for the project.
Source (primary)
Riot (RIOT) Names Anthropic as Tenant in $28 Billion Texas Lease, Could Owe It 12% Interest - Bitcoin Magazine (-, news_article)
View cached copy (2026-11-06)Live source ↗Archive.org ↗
Quote: “The company expects to fund the reimbursements with non-recourse project debt sized to the contracted rent, and it puts the total capital requirement at about $6 million per MW, or $5.5 billion. It said it does not currently expect to issue equity for the project.”
How we checked this
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Additional evidence
confirms Riot (RIOT) Names Anthropic as Tenant in $28 Billion Texas Lease, Could Owe It 12% Interest - Bitcoin Magazine
Quote: “The company expects to fund the reimbursements with non-recourse project debt sized to the contracted rent, and it puts the total capital requirement at about $6 million per MW, or $5.5 billion. It said it does not currently expect to issue equity for the project.”