Riot Platforms leased its entire Corsicana campus to a frontier AI lab in a roughly $28 billion deal.
On November 4, the bitcoin miner-turned-digital-infrastructure firm announced a 15-year triple-net powered land lease covering all of Corsicana, Texas — 910 MW of critical IT capacity — valued at about $28 billion over the initial term, or roughly $1.8 billion in average annual rent. Together with its AMD contract and an earlier Rockdale lease with the same lab, Riot has now contracted 1,151 MW and about $38 billion of long-term data center revenue.
Riot supplies the land, power infrastructure, and powered pads; the tenant installs and operates the compute and bears most operating costs. Delivery is phased through July 2028: 400 MW in September 2027, 200 MW in January 2028, and 310 MW in July 2028. Riot still mined 1,637 bitcoin in Q3 2026. $BTC
#Bitcoin #AI #Mining
DYOR. Not financial advice.
On November 4, the bitcoin miner-turned-digital-infrastructure firm announced a 15-year triple-net powered land lease covering all of Corsicana, Texas — 910 MW of critical IT capacity — valued at about $28 billion over the initial term, or roughly $1.8 billion in average annual rent. Together with its AMD contract and an earlier Rockdale lease with the same lab, Riot has now contracted 1,151 MW and about $38 billion of long-term data center revenue.
Riot supplies the land, power infrastructure, and powered pads; the tenant installs and operates the compute and bears most operating costs. Delivery is phased through July 2028: 400 MW in September 2027, 200 MW in January 2028, and 310 MW in July 2028. Riot still mined 1,637 bitcoin in Q3 2026. $BTC
#Bitcoin #AI #Mining
DYOR. Not financial advice.
