Corsicana 15-year AI lease signed
Company: Riot - Project: Corsicana
The claim, verbatim
On November 4, Riot announced it signed a 15-year triple-net lease with an undisclosed AI company for its Corsicana, Texas campus covering 910 MW, expected to be worth about $28 billion, with rent charged on the full 910 MW whether or not the tenant uses it.
Source (primary)
Bitdeer and Riot Jumped 13% in a Day as Bitcoin Fell Under $75,000. Why Are Miner Stocks Rallying While BTC Drops? - 24/7 Wall St. (-, news_article)
View cached copy (2026-11-09)Live source ↗Archive.org ↗
Quote: “On November 4, Riot announced it had signed a 15-year lease with an undisclosed AI company for its Corsicana, Texas, campus. The deal covers 910 megawatts of computing capacity and is expected to be worth about $28 billion.”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article states each of these lease terms, including the triple-net structure and the rent being charged on the full 910 megawatts regardless of use.
Confirmed in the source:
- Riot announced the lease on November 4.
- The lease has a 15-year term.
- The lease is a triple-net lease.
- The tenant is an undisclosed AI company.
- The lease is for Riot's Corsicana, Texas campus.
- The lease covers 910 MW of computing capacity.
- The deal is expected to be worth about $28 billion.
- Rent will be charged on the full 910 MW whether or not the tenant uses it.
What we did: Read our cached copy of the publisher (https://247wallst.com/investing/cryptocurrency/2026/11/08/bitdeer-and-riot-jumped-13-in-a-day-as-bitcoin-fell-under-75000-why-are-miner-stocks-rallying-while-btc-drops/) in full (14,518 characters, retrieved November 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Bitdeer and Riot Jumped 13% in a Day as Bitcoin Fell Under $75,000. Why Are Miner Stocks Rallying While BTC Drops? - 24/7 Wall St.
Quote: “On November 4, Riot announced it had signed a 15-year lease with an undisclosed AI company for its Corsicana, Texas, campus. The deal covers 910 megawatts of computing capacity and is expected to be worth about $28 billion.”