20-year lease for 191 MW data center capacity at Rockdale
Company: Riot - Project: Rockdale
The claim, verbatim
Riot signed a 20-year lease for 191 megawatts of data-center capacity at its Rockdale, Texas campus with a customer described as a 'leading frontier AI lab'. The base lease runs through June 2048 with staged delivery: 96 megawatts by December 2027 and all 191 megawatts by June 2028. The agreement is expected to generate $9.1 billion in revenue over the base term, and the customer can exercise two five-year extensions that would increase total potential revenue to approximately $16.1 billion.
Source (primary)
Riot Platforms Just Signed a $9.1 Billion AI Lease Reportedly With Anthropic, and Shares Jumped 25% - FinanceFeeds (-, news_article)
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Quote: “Riot Platforms has signed a 20-year lease for 191 megawatts of data-center capacity at its Rockdale campus in Texas... Riot called the customer a 'leading frontier AI lab' in its 10 August filing... The base lease runs through June 2048 and is expected to produce $9.1 billion over its initial term. Delivery will occur in stages, with the first 96 megawatts scheduled for December 2027 and all 191 megawatts due by June 2028.”
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Additional evidence
confirms Riot Platforms Just Signed a $9.1 Billion AI Lease Reportedly With Anthropic, and Shares Jumped 25% - FinanceFeeds
Quote: “Riot Platforms has signed a 20-year lease for 191 megawatts of data-center capacity at its Rockdale campus in Texas... Riot called the customer a 'leading frontier AI lab' in its 10 August filing... The base lease runs through June 2048 and is expected to produce $9.1 billion over its initial term. Delivery will occur in stages, with the first 96 megawatts scheduled for December 2027 and all 191 megawatts due by June 2028.”