other material
confidence high
sentiment neutral
materiality 0.75
Riot Platforms halts Corsicana Bitcoin mining expansion, evaluating 600 MW for AI/HPC use
Riot Platforms, Inc.
- Halted 600 MW Phase II Bitcoin mining at Corsicana; existing 400 MW mining continues.
- 2025 hash rate target lowered from 46.7 EH/s to 38.4 EH/s; capex reduced by $245M.
- Engaged Altman Solon and other experts to assess feasibility of AI/HPC conversion.
- No assurance that conversion will be achieved on financially advantageous terms.