Published: 28.04.2022
Article reading time:
2 minutes.
American mining company Riot Blockchain has announced plans for a massive expansion in Navarro County, Texas. The new mining farm will consume 1 GW of energy.
Riot Blockchain is expanding rapidly with the installation of hardware at Whinstone Farm in Rockdale. At the moment, the farm consumes 400 MW, but in the future it is planned to increase the capacity of the equipment to 750 MW. Once the equipment installation is completed and the Navarro farm is fully operational, the total capacity of the Riot Blockchain devices will be 1.7 GW.
“After the implementation of our plans, the total capacity will be 1.7 GW, which will make Riot the largest mining company in the world,” said Riot Blockchain CEO Jason Les.
Now construction work is underway in Navarro. As part of the first stage, it is planned to install equipment with a total capacity of 400 MW. ASIC miners should be included in the work by July next year. The first phase of the construction of the data center in Navarro will cost Riot Blockchain $333 million. According to the management of the mining company, the full launch of the farm will give the state 270 jobs.
Subsequently, the capacity of the data center in Navarro will be increased by another 600 MW. To do this, it will be necessary to install a 345 kV substation. However, there is no exact date for the launch of the second phase of construction. At the same time, the farm is built according to the most modern standards, with immersion cooling. It will also host the capacities of third-party companies.
Earlier, the research company Arcane Research reported that large mining companies have significantly increased their growth rates. In addition, the reserves of bitcoins in their wallets continue to grow.
Source: Bits
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