RE: Riot monthly October Update3 Nov 2022 08:16
“This groundbreaking marks the next era of industrial development in Corsicana and Navarro County that promises to create new economic opportunity and improve the quality of life for the region,” said John Boswell Director of Economic Development for Corsicana and Navarro County. “The positive impact created by this project will be felt by our community for some time.”
The Corsicana Facility’s total capacity of 1 GW has been approved by the Electric Reliability Council of Texas (“ERCOT”). To the Company’s knowledge, this is the first 1 GW load ever approved by ERCOT, and is a testament to Riot’s partnership-driven approach, commitment to transparency, well-capitalized position, and successful track record of executing on large electrical infrastructure developments.
The first phase of the Corsicana Facility’s development is expected to directly lead to the creation of approximately 270 jobs and will position Riot as one of the largest employers in Corsicana, driving significant positive economic benefits within Navarro County. As demonstrated by the Company’s success at its 700 MW Rockdale Facility, Riot anticipates that the development of the Corsicana Facility will lead to the creation of numerous high-skill, career-track employment opportunities in the local community.
No swimming pool tho.......