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Riot Platforms | 8-K: Update Corporate Presentation of Achievement of Strategic Initiatives and the 265 Acres of Land in Navarro County

SEC announcement ·  Jun 13 08:18
Summary by Moomoo AI
On June 13, 2024, Riot Platforms, Inc., a Nevada-based company listed on the Nasdaq Capital Market under the trading symbol RIOT, released an updated corporate presentation. The presentation detailed the company's strategic initiatives and the development of its Corsicana Facility, a 265-acre land project in Navarro County, Texas. The report, filed with the United States Securities and Exchange Commission (SEC), emphasized the forward-looking nature of the statements within, which are based on management's current expectations and are subject to various risks and uncertainties. Riot Platforms highlighted its progress in constructing what is described as the world's largest Bitcoin mining facility, with Phase I of the Corsicana Facility expected to be fully operational by the fourth quarter of...Show More
On June 13, 2024, Riot Platforms, Inc., a Nevada-based company listed on the Nasdaq Capital Market under the trading symbol RIOT, released an updated corporate presentation. The presentation detailed the company's strategic initiatives and the development of its Corsicana Facility, a 265-acre land project in Navarro County, Texas. The report, filed with the United States Securities and Exchange Commission (SEC), emphasized the forward-looking nature of the statements within, which are based on management's current expectations and are subject to various risks and uncertainties. Riot Platforms highlighted its progress in constructing what is described as the world's largest Bitcoin mining facility, with Phase I of the Corsicana Facility expected to be fully operational by the fourth quarter of 2024. The facility boasts state-of-the-art immersion technology for Bitcoin mining and is designed to achieve high efficiency and low power costs. The company also outlined its power strategy, which aims to maintain low pricing and minimal downtime. Riot Platforms' growth plans through the end of 2025 are reported to be fully funded, with significant hash rate growth anticipated for both 2024 and 2025.

This announcement is a separate document:

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