First 400 MW immersion cooling capacity development
Company: Riot - Project: Corsicana
What the later record shows
Delivered on time · happened December 31, 2024
The first 400 MW of immersion-cooled capacity was promised in 2024. Filings say construction of that first phase was completed during 2024.
“As of December 31, 2024, the initial phase of Corsicana was complete with deployed Bitcoin Mining infrastructure comprising of four operational buildings”
2025-02-27 · Riot 10-K filed 2025-02-28 View cached copy (2026-08-31)Live source ↗
“Construction of this first phase was completed during the year ended December 31, 2024.”
2025-12-30 · Riot 424B5 filed 2025-12-31 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Development of the first 400 megawatts of mining capacity purpose-built for immersion cooling is expected to be completed in 2024
Source (primary)
Riot DEF 14A filed 2024-04-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Development of the first four hundred MW of mining capacity purpose-built for immersion cooling, is expected to be completed in 2024.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The shareholder letter states that the first four hundred MW of immersion-cooled mining capacity, at the planned Corsicana Facility, is expected to be completed in 2024.
Confirmed in the source:
- Riot's 2024 proxy statement says development of the first 400 MW of mining capacity purpose-built for immersion cooling is expected to be completed in 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000155837024006123/riot-20240612xdef14a.htm) in full (447,077 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot DEF 14A filed 2024-04-29
Quote: “Development of the first four hundred MW of mining capacity purpose-built for immersion cooling, is expected to be completed in 2024.”
confirms Riot 10-K filed 2025-02-28
Quote: “As of December 31, 2024, the initial phase of Corsicana was complete with deployed Bitcoin Mining infrastructure comprising of four operational buildings”
confirms Riot 424B5 filed 2025-12-31
Quote: “Construction of this first phase was completed during the year ended December 31, 2024.”