Riot Platforms Nears Completion of 400-Megawatt Bitcoin Mining Facility in Corsicana, Texas

Shown above, the operation is just Phase 1 of the project, which when fully developed is slated to total a full one gigawatt of capacity.

Bitcoin miner Riot Platforms (Nasdaq: RIOT) is continuing to ramp up its operations in Corsicana, adding another 600 megawatts of capacity to its Bitcoin mining facility.

The company, which is already nearing completion on a 400-megawatt facility in Corsicana, said on Monday that it had begun developing Phase 2 at the site. The addition will bring Riot’s total capacity at the Corsicana facility to one gigawatt.

Long lead electrical infrastructure components have been ordered for Phase 2, with its first buildings slated to begin operation in the second half of 2025.

“In October, Riot achieved a new post-halving milestone in production, with 505 Bitcoin mined in the month,” Riot CEO Jason Les said in a statement.

“This 23% increase in production from September is a reflection of both the ongoing growth in our deployed hash rate and of the efforts to improve our operational efficiency,” he added. “During the month of October, our deployed hash rate increased to 29.4 EH/s, driven by new deployments of latest generation MicroBT miners at the Corsicana facility. We're pleased with the positive operational momentum underway and look forward to continuing this progress.”

Riot operates additional Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

The company was founded in October 2017 when Bioptix, a publicly traded biological sciences technology company, rebranded as Riot Blockchain. Bioptix had gone public in January 2003.

In 2021, Riot acquired this 300MW Rockdale facility south of Waco as part of its acquisition of fellow bitcoin mining and hosting company Whinstone US in a $651 million cash and stock deal. [Photo: Riot Platforms]

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