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Corsicana 1GW campus LOI

Company: Riot - Project: Corsicana

Subject kind
customer
Statement date
2026-08-31
Promised amount
1000.0 USD
Current status
stated

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

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of the publisher (https://www.tikr.com/blog/riot-platforms-signed-9-8-billion-in-ai-leases-why-is-the-stock-still-under-19) in full (13,483 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.

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”

View cached copy (2026-09-01)Live source ↗