Frontier AI lab lease extension options potential value
Company: Riot - Project: Rockdale
The claim, verbatim
Lease includes two five-year extension options representing total potential contract value of approximately $16.1 billion if both extensions are fully exercised
Source (primary)
riot 8-K exhibit (riot-20260810xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-01)Live source ↗
Quote: “The Data Center Lease also includes two five-year extension options at the tenant's election, representing a total potential contract value of approximately $16.1 billion if both extensions are fully exercised.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document directly states both the two five-year extension options and the $16.1 billion potential value.
Confirmed in the source:
- The lease includes two five-year extension options at the tenant's election
- Total potential contract value is approximately $16.1 billion if both extensions are fully exercised
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1167419/000110465926093406/riot-20260810xex99d1.htm) in full (19,696 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms riot 8-K exhibit (riot-20260810xex99d1.htm)
Quote: “The Data Center Lease also includes two five-year extension options at the tenant's election, representing a total potential contract value of approximately $16.1 billion if both extensions are fully exercised.”