Reimbursements via non-recourse project debt
Company: Riot - Project: Corsicana
The claim, verbatim
Tenant reimbursements are expected to be financed through non-recourse project debt backed by contracted rental income, and if comparable market financing is unavailable the tenant will fund reimbursements directly, recovering the amounts through credits against rent over the remaining lease term.
Source (primary)
Riot Platforms leases 910 MW Texas data center for US$28 billion - ET Datacenters (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “Reimbursements are expected to be financed through non-recourse project debt. This debt will be backed by contracted rental income. If comparable market financing is unavailable, the tenant will fund reimbursements directly.”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article states the expected financing structure, the tenant's fallback funding obligation, and recovery through rent credits.
Confirmed in the source:
- Tenant reimbursements are expected to be financed through non-recourse project debt.
- The project debt will be backed by contracted rental income.
- If comparable market financing is unavailable, the tenant will fund reimbursements directly.
- Amounts funded directly by the tenant will be recovered through credits against rent over the remaining lease term.
What we did: Read our cached copy of the publisher (https://datacenters.economictimes.indiatimes.com/news/investments-deals/riot-platforms-leases-910-mw-texas-data-center-for-us28-billion/135674691) in full (3,563 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot Platforms leases 910 MW Texas data center for US$28 billion - ET Datacenters
Quote: “Reimbursements are expected to be financed through non-recourse project debt. This debt will be backed by contracted rental income. If comparable market financing is unavailable, the tenant will fund reimbursements directly.”