Will Cops's questions to Riot Platforms Inc (RIOT) leadership • Q1 2025
Question
Will Cops of Piper Sandler asked about any shifts in demand or decision-making timelines from potential AI/HPC tenants and inquired about the potential structure of project-level financing for data center developments.
Answer
CEO Jason Les confirmed that demand from hyperscalers remains robust, citing public commentary from major tech companies about increasing CapEx. He explained that financing options will be chosen to maximize value and secure the best cost of capital, noting that the quality of the tenant will significantly influence the financing terms available. He mentioned that no specific financing structure is set, but they are working with advisors Evercore and Northland.