$RIOT signs 286MW, 20-year compute deal with $AMD worth $9B, option to upsize to $16B>Implies $2.4M/MW annual rent&gt

$RIOT signs 286MW, 20-year compute deal with $AMD worth $9B, option to upsize to $16B>Implies $2.4M/MW annual rent&gt | Hanami

$RIOT signs 286MW, 20-year compute deal with $AMD worth $9B, option to upsize to $16B
>Implies $2.4M/MW annual rent
>80-90% NOI margin
>Assuming $11M/MW capex, deal worth $15/share (15x NOI)
>Discloses exclusive LOI at Corsicana; @ similar terms could be worth ~ $50/share https://t.co/rGrQiqNp7a