~$3.6B module payment to Anthropic; 12% rent-credit fallback
Company: Riot
The claim, verbatim
Per its 10-Q, Riot owes Anthropic up to $4 million per MW for its modules (about $3.6 billion), and if project debt is not available on acceptable terms it repays the tenant through rent credits carrying 12% annual interest.
Source (primary)
Riot Platforms Is Up 30% in a Week. Is Its $28 Billion AI Lease Really That Good? - Yahoo Finance (-, news_article)
View cached copy (2026-11-08)Live source ↗Archive.org ↗
Quote: “Riot owes Anthropic up to $4 million per MW for its modules, about $3.6 billion, and if project debt isn't available on acceptable terms, it repays the tenant through rent credits carrying 12% yearly interest.”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The article cites the 10-Q for Riot owing Anthropic up to $4 million per MW (about $3.6 billion) for modules, repayable through rent credits at 12% yearly interest if project debt is not available on acceptable terms.
Confirmed in the source:
- The terms are attributed to Riot's 10-Q
- Riot owes Anthropic up to $4 million per MW for its modules
- The total module payment is about $3.6 billion
- If project debt is not available on acceptable terms, Riot repays the tenant through rent credits
- The rent credits carry 12% yearly interest
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/technology/ai/articles/riot-platforms-30-week-28-235103673.html) in full (11,765 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot Platforms Is Up 30% in a Week. Is Its $28 Billion AI Lease Really That Good? - Yahoo Finance
Quote: “Riot owes Anthropic up to $4 million per MW for its modules, about $3.6 billion, and if project debt isn't available on acceptable terms, it repays the tenant through rent credits carrying 12% yearly interest.”