Riot Platforms Announces Record 15-Year Lease with AI Lab for Corsicana Site
Riot Platforms (NASDAQ: RIOT) has secured its largest lease to date, signing a 15-year triple-net powered land lease with a prominent Frontier AI Lab. The agreement pertains to the company's Corsicana site, which is expected to provide 910 MW of capacity. The deal is projected to generate an average annual Net Operating Income (NOI) of $2.2 billion. Full delivery of the leased capacity is targeted for completion by July 2028. This strategic move signals a significant diversification of Riot's revenue streams through high-demand AI infrastructure support.
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Part of the story Riot Platforms, Inc. - 8-K Filing (8 articles)