Riot Breaks Ground With 1GW Data Center Facility in Corsicana, Texas - Riot Platforms (NASDAQ:RIOT)

Riot Blockchain, Inc RIOT, a Bitcoin mining and data center hosting company broke ground with its 1-gigawatt expansion project in Corsicana, Navarro County, Texas.
“This groundbreaking marks a significant step forward in demonstrating Riot’s ongoing commitment to positively impacting the rural communities that we operate in,” EVP Chad Harris said.
“The development of the Corsicana Facility builds on the success of our 700-megawatt Rockdale Facility and, when complete, will bring Riot’s market-leading position to a total of 1.7 GW of developed capacity.”
The first phase of the Corsicana Facility will consist of 400 megawatts, with self-mining and data center hosting operations likely to commence by the fourth quarter of 2023.
The first phase of the Corsicana Facility’s development will likely create 270 jobs.
The first phase of the Corsicana Facility’s development will likely consist of four 100 MW buildings utilizing immersion cooling technology similar to Riot’s Rockdale Facility.
The Company anticipates that 200 MW out of the initial 400 MW will be for its self-mining business, with the balance reserved for expanding Riot’s data center hosting business with large-scale institutional clients.
Sen. Elizabeth Warren and six other members of the U.S. Congress called on leaders in Texas to disclose the energy usage and environmental impact of Bitcoin mining operations in the state.
Warren accused Texas of being a “deregulated safe harbor” for crypto mining firms.
Price Action: RIOT shares traded lower by 2.47% at $5.73 on the last check Wednesday.

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