Castle Rock, CO, October 19, 2022 (GLOBE NEWSWIRE) — Riot Blockchain, Inc. REVOLT (“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 on the Company’s 1 gigawatt (“GW”) expansion project (“the Corsicana Facility”) in Corsicana, Navarro County, Texas.

“This groundbreaking is a significant step forward in demonstrating Riot’s continued commitment to positively impacting the rural communities in which we operate,” said Chad Harris, Riot’s executive vice president, chief commercial officer. “The development of the Corsicana facility builds on the success of our 700-megawatt Rockdale facility and, when completed, will bring Riot’s market-leading position to a total of 1.7 GW of developed capacity. We look forward to strengthening existing relationships and establishing new, collaborative partnerships as we begin construction of this new development.”

Local and state officials and Riot workers gathered to celebrate the company’s groundbreaking in Corsicana on Tuesday, October 18^th. The first phase of the Corsicana facility will consist of 400 megawatts (“MW”), with self-mining and data center hosting operations expected to begin by Q4 2023.

“This groundbreaking marks the next era of industrial development in Corsicana and Navarro County that promises to create new economic opportunities and improve the quality of life for the region,” said John Boswell, director of economic development for Corsicana and Navarro County. “Our community will feel the positive impact of this project for some time to come.”

The Corsicana facility’s total capacity of 1 GW has been approved by the Electric Reliability Council of Texas (“ERCOT”). To the company’s knowledge, this is the first 1GW load ever approved by ERCOT and is a testament to Riot’s partnership approach, commitment to transparency, well capitalized position and successful journey…