Riot Platforms has secured a $573 million bridge loan for its Rockdale data-center project tied to a 20-year Anthropic lease worth $9.1 billion. The facility matures on December 31, 2026, approximately 12 months before the first 96 MW tranche is expected to come online in December 2027. The total project buildout is estimated at $2.1 to $2.3 billion, with Riot expecting debt to cover roughly $1.7 to $2.1 billion under an 80% to 90% loan-to-cost assumption. The company has yet to disclose the provider, amount, or terms of the investment-grade backstop intended to replace the interim facility. Riot Platforms currently holds approximately 11,380 BTC, according to BitcoinTreasuries.net.
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