Riot names Anthropic as tenant in $28 billion Texas lease, may owe 12% interest
AI summary
Riot's 10-Q filing identifies Anthropic as the AI lab tenant behind its 910 MW Corsicana, Texas lease, valued at $28 billion. The filing also discloses that Riot could owe the tenant 12% interest on up to $3.6 billion in build costs. The disclosure clarifies the counterparty on a major AI-hosting deal, but the interest obligation adds a cost risk that traders will weigh against the revenue potential.
