Corsicana non-binding Letter of Intent for 1 GW
Company: Riot - Project: Corsicana
The claim, verbatim
Riot executed a non-binding Letter of Intent with a single tenant for 1 gigawatt utility footprint (approximately 756 MW critical IT capacity) at Corsicana, with potential to generate over $1.0 billion in annual rental revenue upon full deployment
Source (primary)
Riot Platforms Re-Wires the Ledger for a $9B AI Power Play - MarketBeat (-, news_article)
View cached copy (2026-08-31)Live source ↗
Quote: “Riot Platforms executed a non-binding Letter of Intent (LOI) with a single tenant for the site's entire one-gigawatt utility footprint, representing about 756 MW of critical IT capacity. Upon full deployment, a finalized lease at Corsicana could generate annual rental revenue exceeding $1.0 billion.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document confirms the non-binding LOI, the 756 MW figure, and the over-$1.0 billion annual revenue potential at Corsicana.
Confirmed in the source:
- Riot executed a non-binding Letter of Intent with a single tenant for Corsicana's one-gigawatt utility footprint
- The Corsicana footprint represents about 756 MW of critical IT capacity
- A finalized Corsicana lease could generate annual rental revenue exceeding $1.0 billion upon full deployment
What we did: Read our cached copy of the publisher (https://www.marketbeat.com/articles/riot-platforms-re-wires-the-ledger-for-a-9b-ai-power-play/) in full (19,418 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot Platforms Re-Wires the Ledger for a $9B AI Power Play - MarketBeat
Quote: “Riot Platforms executed a non-binding Letter of Intent (LOI) with a single tenant for the site's entire one-gigawatt utility footprint, representing about 756 MW of critical IT capacity. Upon full deployment, a finalized lease at Corsicana could generate annual rental revenue exceeding $1.0 billion.”