Riot Platforms will launch the first mining center at a 400 MW facility in March

  • Bitcoin miner Riot Platforms is in the advanced stages of building a facility in Texas, USA.
  • The first mining center with a capacity of 100 MW will be put into operation next month.
  • Reaching full capacity of 400 MW is planned by the end of 2024.

Bitcoin miner Riot Platforms said it is in an advanced stage of construction of a new cryptocurrency mining facility in Texas, USA.

According to available data, the mining center with a total capacity of 400 MW is planned to be put into operation by the end of 2024. At the same time, the company will launch the first building A1, with equipment for 100 MW, next month. Next, the Bitcoin miner will increase the capacity of the facility in stages.

On February 6, 2024, Riot Platforms representatives announced that the company had entered into an agreement with hardware supplier HashHouse Tech. The firm will provide 200 MW of infrastructure for the previously mentioned facility in Corsicana, Texas.

The statement indicates that we are talking about submersible installations based on the Poseidon platform. It is designed to improve performance and guarantee stable operation of equipment in any climatic conditions, noted Riot Platforms.

This solution will allow the Bitcoin miner to use MicroBT submersible rigs with optimal efficiency and hash rate, according to company representatives. According to them, even during the extreme heat typical of Texas in the summer, equipment performance will not decrease.

Note that in December 2023, information appeared about the acquisition of Riot Platforms 66,560 ASIC. The transaction amount for the purchase of mining equipment amounted to $290.5 million. The company also renewed a long-term cooperation agreement with MicroBT.

Let us remind you that we wrote that Riot Platforms mined 1106 BTC in the third quarter of 2023.

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