Midas immersion cooling purchases
Company: Riot - Project: Corsicana
The claim, verbatim
The complaint asserts Riot entered a 2023 purchase agreement with Midas for 200 MW of immersion cooling systems for Corsicana and paid $31.2 million in 2023 deposits and payments to Midas Green Technologies.
Source (primary)
Green Revolution Cooling Inc v. Riot Platforms Inc — Entry #1 (RECAP, court_filing)
View cached copy (2026-10-16)Live source ↗
Quote: “During 2023, Riot paid $31.2 million in deposits and payments to Midas Green Technologies, LLC . . . for the purpose of immersion cooling systems.”
How we checked this
Checked on October 17, 2026. The cited source supports every part of this claim.
Paragraph 12 describes the 2023 Midas agreement for 200 MW at Corsicana, and paragraph 13 describes the $31.2 million paid in 2023, both citing Riot's 2023 10-K.
Confirmed in the source:
- The complaint states Riot entered a purchase agreement with Midas in 2023
- The complaint states the agreement covered 200 MW of immersion cooling systems for the Corsicana Facility
- The complaint states Riot paid $31.2 million in deposits and payments to Midas Green Technologies, LLC during 2023 for immersion cooling systems
What we did: Read our cached copy of RECAP (https://archive.org/download/gov.uscourts.txnd.420903/gov.uscourts.txnd.420903.1.0.pdf) in full (45,534 characters, retrieved October 16, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Green Revolution Cooling Inc v. Riot Platforms Inc — Entry #1
Quote: “During 2023, Riot paid $31.2 million in deposits and payments to Midas Green Technologies, LLC . . . for the purpose of immersion cooling systems.”