Riot Could Pay Anthropic 12% Interest if Project Financing Fails

Riot Platforms could repay Anthropic for data-center equipment through rent credits carrying 12% annual interest if acceptable financing is unavailable, adding a conditional financing path to its $28 billion AI deal. Riot’s subsidiary signed the Corsicana lease Oct. 28, and it became effective and binding Nov. 4. The 15-year agreement covers 910 megawatts of critical IT capacity and has estimated average annual rent of about $1.8 billion. Riot can reimburse eligible module costs up to $4 million per megawatt of capacity achieved.

Source: TokenPost