Riot Platforms, Inc. announced that it has successfully energized the substation at the Company's Corsicana Facility. With the Corsicana Facility's 400-megawatt substation now operational, the company remain well on track to increase self-mining hash rate capacity to 31 EH/s by the end of 2024, which will represent a significant increase in operational capabilities. The company's Corsicana Facility will have a total capacity of 1 GW when fully developed, at which point it is expected to be the largest known Bitcoin mining facility in the world by developed capacity.

This initial phase is expected to add 16 EH/s to the company's self-mining capacity by the end of 2024. The first batch of miners in the first 100 MW building, Building A1, have been installed and are already hashing, and miners will continue to be deployed in Building A1 until a total capacity of 3.7 EH/s is reached. The remaining buildings in the first phase, Buildings A2, B1, and B2, are set to progressively become operational over the next several months and are expected to add an additional 12 EH/s to company's self-mining capacity, which is expected to total 31 EH/s by the end of 2024.