On January 21, 2025, Riot Platforms, Inc. announced that it is taking strategic actions to optimize the use of its power assets at the Corsicana Facility in Navarro County, Texas. The company is evaluating the potential to develop its remaining 600 megawatts of power capacity at the facility for artificial intelligence (AI) and high-performance computing (HPC) applications. As part of this evaluation, Riot has paused the Phase II expansion of its Bitcoin mining operations at the site.

The company emphasized that this decision aligns with its efforts to explore alternative opportunities that could maximize the value of its assets. Riot acknowledged that these forward-looking plans involve risks and uncertainties, as outlined in its filings with the SEC.