- Bitcoin miner Riot Platforms is in the advanced stages of building a facility in Texas, USA.
- The first 100MW mining center will be operational next month.
- It is scheduled to reach its full 400 MW capacity by the end of 2024.
Bitcoin miner Riot Platforms said it is in the advanced stages of building a new cryptocurrency mining facility in the state of Texas, US.
Riot’s Corsicana Facility is underway!⚡The 400MW substation is expected to be energized by the end of March 2024, and the first 100MW building, A1, will commence operations immediately thereafter. Additional buildings comprising the 400MW Phase 1 buildout of the Corsicana… pic.twitter.com/in1rWQLf4w
- Riot Platforms, Inc. (@RiotPlatforms) February 8, 2024
The mining center, with a total capacity of 400 MW, is reportedly scheduled to be operational by the end of 2024. At the same time, the company will launch the first A1 building, with 100 MW of equipment, as early as next month. Further bitcoin miner will increase the capacity of the facility in stages.
On February 6, 2024, representatives of Riot Platforms said that the company has entered into an agreement with equipment supplier HashHouse Tech. The firm will provide 200 MW of infrastructure for the previously mentioned facility in Corsicana, Texas.
The statement indicated that the units in question are submersible units based on the Poseidon platform. It is designed to improve performance and guarantees stable operation of the equipment in all climatic conditions, Riot Platforms noted.
HashHouse Tech and Riot Platforms Join Forces for a 200 MW Deployment for Riot’s Corsicana Facility.
The collaboration between HashHouse and Riot involves providing 200MW of HashHouse Poseidon immersion equipment infrastructure for Riot’s Corsicana Facility with the possibility… pic.twitter.com/dp3r5zw1Nf
- Riot Platforms, Inc. (@RiotPlatforms) February 6, 2024
The solution will allow bitcoin miners to utilize MicroBT’s immersive rigs with optimal efficiency and hashing speed, the firm claims. According to them, even during the intense heat inherent in the state of Texas in the summer, the performance of the equipment will not be reduced.
Note that in December 2023 there was information about the acquisition of Riot Platforms 66 560 ASICs. The amount of the deal for the purchase of mining equipment amounted to $290.5 million. The company also renewed a long-term cooperation agreement with the firm MicroBT.
Recall, we wrote that Riot Platforms mined 1106 BTC in the III quarter of 2023.
