Corsicana 910 MW AI lease with Anthropic
Company: Riot
The claim, verbatim
Riot signed the largest lease in its history: a 15-year triple-net powered land lease covering 910 MW of planned AI computing capacity at its Corsicana, Texas campus, valued by Riot at about $28 billion over the initial term. The tenant, identified as Anthropic in Riot's SEC filing, pays rent on each delivered portion whether it uses the capacity or not.
Source (primary)
Riot's $28B Lease Shows Why Location and Contracts Matter in AI - MarketBeat (-, news_article)
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Quote: “The 15-year deal covers 910 megawatts (MW) of planned AI computing capacity at its Corsicana, Texas, campus. Riot values it at about $28 billion over the initial term.”
How we checked this
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Additional evidence
confirms Riot's $28B Lease Shows Why Location and Contracts Matter in AI - MarketBeat
Quote: “The 15-year deal covers 910 megawatts (MW) of planned AI computing capacity at its Corsicana, Texas, campus. Riot values it at about $28 billion over the initial term.”