191MW Rockdale lease with frontier AI lab
Company: Riot
The claim, verbatim
Riot signed a 191MW build-to-suit lease at Rockdale with a leading frontier AI lab for an initial 20-year term through June 2048, expected to generate approximately $9.1 billion in contract revenue; the agreement includes two five-year extension options that could increase total contract value to approximately $16.1 billion if fully exercised
Source (primary)
Riot Platforms Signs 241MW Of AI Data Center Leases Representing Approximately $9.8 Billion Of Contracted Revenue - Pulse 2.0 (-, news_article)
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Quote: “a newly signed 191MW build-to-suit lease at Riot's Rockdale campus with a leading frontier AI lab. The initial 20-year term runs through June 2048 and is expected to generate approximately $9.1 billion of contract revenue... The agreement includes two five-year extension options, which would increase the total potential contract value to approximately $16.1 billion if both are fully exercised”
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Additional evidence
confirms Riot Platforms Signs 241MW Of AI Data Center Leases Representing Approximately $9.8 Billion Of Contracted Revenue - Pulse 2.0
Quote: “a newly signed 191MW build-to-suit lease at Riot's Rockdale campus with a leading frontier AI lab. The initial 20-year term runs through June 2048 and is expected to generate approximately $9.1 billion of contract revenue... The agreement includes two five-year extension options, which would increase the total potential contract value to approximately $16.1 billion if both are fully exercised”