$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 2, 2026. The cited source supports every part of this claim.
The 8-K states every element of this claim: the borrower, the $573.0 million delayed-draw senior secured term loan, the August 10, 2026 availability start, and the equipment-funding purpose tied to the 191 critical IT MW Rockdale project. The filing describes the amount as 'up to' $573.0 million, which the claim reflects as the facility size.
Confirmed in the source:
- Riot DC Logistics, LLC, a wholly owned subsidiary of Riot Platforms, Inc., entered into a credit agreement on August 10, 2026
- The facility is a senior secured delayed-draw term loan facility in an aggregate principal amount of up to $573.0 million
- The facility is available for borrowing during the Availability Period commencing August 10, 2026
- Proceeds are intended to fund the purchase of long-lead equipment and related project equipment, and certain other expenses
- The associated 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.”