Riot Announces Groundbreaking at 1 GW Data Center Facility in Corsicana, Navarro County, Texas

Riot Announces Groundbreaking at 1 GW Data Center Facility in Corsicana, Navarro County, TexasRiot Announces Groundbreaking on New 265-Acre Site in Navarro County, TexasCastle Rock, CO, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in Bitcoin (“BTC”) mining and data center hosting, is pleased to announce that it has officially broken ground at the Company’s 1 gigawatt (“GW”) expansion project (“the Corsicana Facility”) in Corsicana, Navarro County, Texas. The first phase of the Corsicana Facility will consist of 400 megawatts (“MW”), with self-mining and data center hosting operations expected to commence by the fourth quarter of 2023. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” and similar expressions are intended to identify forward-looking statements. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.