Morgan Stanley delayed-draw facility for Rockdale data center
Company: Riot - Project: Rockdale
The claim, verbatim
Riot Platforms' subsidiary entered into a senior secured delayed-draw facility with Morgan Stanley Senior Funding for up to $573 million for initial development costs of the Rockdale data-center project, maturing on December 31, 2026.
Source (primary)
Riot Platforms locked in a $9.1 billion Anthropic deal, but its bridge loan expires before the rent starts - CryptoSlate (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “a Riot subsidiary entered into a senior secured delayed-draw facility administered by Morgan Stanley Senior Funding, providing access to up to $573 million for long-lead equipment and other initial development costs. The borrowings will mature on Dec. 31, 2026”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article states that a Riot subsidiary entered a senior secured delayed-draw facility administered by Morgan Stanley Senior Funding for up to $573 million for initial Rockdale development costs, maturing Dec. 31, 2026. The source describes Morgan Stanley Senior Funding as the facility's administrator.
Confirmed in the source:
- A Riot Platforms subsidiary entered into a senior secured delayed-draw facility
- The facility is administered by Morgan Stanley Senior Funding
- The facility provides access to up to $573 million
- The funds are for long-lead equipment and other initial development costs of the Rockdale data-center project
- The borrowings mature on December 31, 2026
What we did: Read our cached copy of the publisher (https://cryptoslate.com/riot-platforms-locked-in-a-9-1-billion-anthropic-deal-but-its-bridge-loan-expires-before-the-rent-starts/) in full (16,460 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot Platforms locked in a $9.1 billion Anthropic deal, but its bridge loan expires before the rent starts - CryptoSlate
Quote: “a Riot subsidiary entered into a senior secured delayed-draw facility administered by Morgan Stanley Senior Funding, providing access to up to $573 million for long-lead equipment and other initial development costs. The borrowings will mature on Dec. 31, 2026”