[Riot and Anthropic Sign Corsicana Data Center Lease Agreement] Bitcoin mining company Riot and Anthropic signed a lease agreement on November 4th for the Corsicana data center, expected to provide 910 megawatts of critical IT load capacity.
Riot will reimburse Anthropic for a portion of the data center module costs, up to $4 million per megawatt. If Riot is unable to secure financing, this cost will be offset by rental payments plus 12% annual interest.
The project is planned for three phases of delivery, with the first phase targeted for activation by June 28, 2027, and the third phase targeted for activation by July 30, 2028. (Source: U.S. Securities and Exchange Commission)
