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
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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.”