Lease Execution Prevails

Riot converts the $28 billion lease into a credible long-duration AI infrastructure backlog, with regulators allowing staged energization rather than blocking the project. The prior Anthropic lease and miner-to-AI trend make this the most likely path if the new customer is well-capitalized and power milestones are realistic.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.