Riot Platforms announced that it has successfully energized the substation at the Company’s Corsicana Facility. “Two years ago, we purchased 265 acres of land in Navarro County, Texas, driven by our vision to build the world’s largest Bitcoin mining facility, and today, we have achieved a new milestone in turning that vision into a reality with the energization of our Corsicana Facility,” said Jason Les, CEO of Riot. “This landmark achievement highlights our team’s unwavering dedication and collaborative effort over the past two years. With the Corsicana Facility’s 400-megawatt substation now operational, we remain well on track to increase our self-mining hash rate capacity to 31 EH/s by the end of 2024, which will represent a significant increase in our operational capabilities. We are excited about the incredible pipeline for growth the Corsicana Facility provides over the next several years, and we look forward to further executing on that plan.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIOT:
- 3 Best Crypto Stocks to Buy in April 2024, According to Analysts
- Here’s What You Missed in Crypto This Week
- Riot Platforms price target raised to $15.50 from $15 at JPMorgan
- Riot Platforms price target lowered to $16 from $17 at B. Riley
- Riot Platforms reports $685M in cash and 8,490 unencumbered Bitcoin at March-end