$573M credit facility for data center equipment and project expenses
Company: Riot - Project: Rockdale
The claim, verbatim
Riot DC Logistics entered into a senior secured delayed-draw term loan facility of $573.0 million available for borrowing commencing August 10, 2026, with proceeds intended to fund long-lead equipment and related expenses for the 191 critical IT MW data center project at Rockdale Facility
Source (primary)
Riot 8-K filed 2026-08-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “On August 10, 2026, Riot DC Logistics, LLC (the "Borrower"), a wholly owned subsidiary of Riot Platforms, Inc. (the "Company"), entered into a credit agreement (the "Credit Agreement") by and among the Borrower, the several banks and other financial institutions from time to time party thereto as lenders (the "Lenders"), and Morgan Stanley Senior Funding, Inc., as administrative agent (in such capacity, the "Administrative Agent"). Pursuant to the terms of the Credit Agreement, the Lenders agreed to provide the Borrower with a senior secured delayed-draw term loan facility in an aggregate principal amount of up to $573.0 million (the "Facility"), which is available for borrowing during the Availability Period (as defined in the Credit Agreement), commencing on August 10, 2026. The proceeds of the Facility are intended to fund the purchase of long-lead equipment and related project equipment, and certain other expenses associated with the Company's 191 critical IT MW data center project at its Rockdale Facility.”
How we checked this
Checked on September 13, 2026. The cited source supports every part of this claim.
The 8-K states each element of the claim: the borrower, the facility type, the up-to-$573.0 million amount, the August 10, 2026 availability date, and the intended use of proceeds for the 191 critical IT MW Rockdale data center project. The filing describes the $573.0 million as a maximum ('up to'), which is consistent with a delayed-draw facility of that size.
Confirmed in the source:
- Riot DC Logistics, LLC, a wholly owned subsidiary of Riot Platforms, entered into a credit agreement on August 10, 2026
- The credit agreement provides a senior secured delayed-draw term loan facility of up to $573.0 million
- The facility is available for borrowing during the Availability Period, commencing August 10, 2026
- The proceeds are intended to fund the purchase of long-lead equipment, related project equipment and certain other expenses
- The funded project is Riot's 191 critical IT MW data center project at its Rockdale Facility
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465926097330/riot-20260810x8k.htm) in full (6,089 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2026-08-14
Quote: “On August 10, 2026, Riot DC Logistics, LLC (the "Borrower"), a wholly owned subsidiary of Riot Platforms, Inc. (the "Company"), entered into a credit agreement (the "Credit Agreement") by and among the Borrower, the several banks and other financial institutions from time to time party thereto as lenders (the "Lenders"), and Morgan Stanley Senior Funding, Inc., as administrative agent (in such capacity, the "Administrative Agent"). Pursuant to the terms of the Credit Agreement, the Lenders agreed to provide the Borrower with a senior secured delayed-draw term loan facility in an aggregate principal amount of up to $573.0 million (the "Facility"), which is available for borrowing during the Availability Period (as defined in the Credit Agreement), commencing on August 10, 2026. The proceeds of the Facility are intended to fund the purchase of long-lead equipment and related project equipment, and certain other expenses associated with the Company's 191 critical IT MW data center project at its Rockdale Facility.”