Riot Blockchain will launch a mining farm in Texas with power 1 GW – Bits Media

American mining company Riot Blockchain announced plans for a large-scale expansion of capacity in Navarro County, Texas. The new mining farm will consume 1 GW of energy.

Riot Blockchain is expanding rapidly - installation work is currently underway оборудования на ферме Whinstone в городе Рокдейл. На текущий момент ферма потребляет 400 MW, но в будущем мощность оборудования планируется довести до 750 MW. После завершения установки оборудования и полноценного запуска фермы в Наварро, общая мощность устройств Riot Blockchain составит 1.7 GW.

"After the implementation of our plans, total power will be 1.7 GW, which will make Riot the largest mining company in the world", – said Riot Blockchain CEO Jason Les (Jason).

Construction work is currently underway in Navarro. As part of the first stage, it is planned to install equipment with a total capacity 400 MW. ASIC miners should be operational by July next year. The first phase of 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 substation at 345 HF. but, There are no exact dates for the launch of the second stage of construction yet.. At the same time, the farm is built according to the most modern standards, with immersion cooling. It will also house the facilities of third-party companies..

Previously, research company Arcane Research reported, that large mining companies have significantly increased their growth rates. Besides, Bitcoin stocks in their wallets continue to grow.