Dallas College cited the growing and leading presence of Texas-based Bitcoin mining operations, like this Riot Platforms facility in Corsicana. [Photo: Riot Platforms]
After announcing a planned $333 million investment in the project in 2022, Nasdaq-listed Riot Platforms is wrapping up development of Phase 1 of the Bitcoin mining facility. When fully developed, the project is slated to have a total of one gigawatt of capacity. Development of Phase 2 has already begun at the 265-acre site, the company said Monday.
Colorado-based Riot Blockchain, one of the world's largest publicly traded bitcoin mining companies, announced plans to develop a 265-acre site in Corsicana—about an hour south of Dallas—adding to its growing presence in the Lone Star State.
At full capacity, the development is expected to have one gigawatt of capacity—enough energy to power around 750,000 households.
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