Corsicana 1GW campus LOI
Company: Riot - Project: Corsicana
The claim, verbatim
The entire 1-gigawatt Corsicana campus is under a letter of intent with a single tenant, which CEO Jason Les stated would generate more than $1 billion in annual rent at full deployment. The LOI is nonbinding.
Source (primary)
Riot Platforms Signed $9.8 Billion in AI Leases. Why Is the Stock Still Under $19? - TIKR.com (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “the entire 1-gigawatt Corsicana campus is under a letter of intent to a single tenant that CEO Jason Les said would mean north of $1 billion in annual rent at full deployment. That LOI is nonbinding and could still fall through”
How we checked this
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Additional evidence
confirms Riot Platforms Signed $9.8 Billion in AI Leases. Why Is the Stock Still Under $19? - TIKR.com
Quote: “the entire 1-gigawatt Corsicana campus is under a letter of intent to a single tenant that CEO Jason Les said would mean north of $1 billion in annual rent at full deployment. That LOI is nonbinding and could still fall through”