Riot just locked in a $28B AI data center deal 🎯
But here's the catch most won't tell you: 12% interest rate on the payback structure.
Miners pivoting to AI infrastructure isn't new, but this scale is wild. They're betting AI demand > mining margins long-term.
Watch how this plays out. If AI compute demand stays hot, Riot prints. If it cools before they scale revenue, that 12% will hurt.
This is either galaxy brain diversification or overleverage into hype. Time will tell.
But here's the catch most won't tell you: 12% interest rate on the payback structure.
Miners pivoting to AI infrastructure isn't new, but this scale is wild. They're betting AI demand > mining margins long-term.
Watch how this plays out. If AI compute demand stays hot, Riot prints. If it cools before they scale revenue, that 12% will hurt.
This is either galaxy brain diversification or overleverage into hype. Time will tell.