Fast take:
- Riot Blockchain has introduced that it plans to develop a 1 GigaWatt Bitcoin mining facility in Navarro County, Texas
- The power is a part of its Bitcoin mining and internet hosting enlargement plans, aptly named ‘The Enlargement’
- The Enlargement will begin with an preliminary 400 MegaWatt facility on a 265-acre web site and is predicted to begin in July 2023
- The extra 600 MegaWatt will probably be added sooner or later through the 345 kV Navarro change
The publicly traded Bitcoin mining and internet hosting companies supplier of Riot Blockchain has announced plans to develop a 1 GigaWatt (GW) BTC mining facility in Navarro County, Texas. The 1 GW undertaking aptly named ‘The Enlargement’ will present Riot ‘with an industry-leading 1.7 GigaWatt of complete growth capability.’
Jason Les, CEO of Riot Blockchain, stated:
Upon completion of the Enlargement, Riot’s developed capability will complete 1.7 GW, establishing the Firm among the many largest Bitcoin mining operations globally.
This Enlargement is a testomony to the Firm’s demonstrated potential to construct and ship high-quality large-scale digital asset infrastructure for its Bitcoin mining operations and future hosted shoppers
The First Part of the Bitcoin Mining Enlargement to Begin in July 2023
The Enlargement will begin with growing an preliminary 400 MegaWatt (MW) facility on a 265-acre web site. Work will start in July of 2023, and the ability will embrace ‘immersion-cooled mining and internet hosting operations.’
The primary section will embrace land acquisition, web site preparation, substation growth, transmission line development, and development of ‘ancillary buildings and 4 buildings using the Firm’s immersion-cooling infrastructure and expertise.’
Riot Blockchain supplied a complete price estimate of $333 million for the primary section, which is predicted to be invested over the remainder of 2022, 2023, and Q1 of 2024.
The corporate will accomplice with Precedence Energy Inc. to help the Enlargement. Precedence Energy and Riot Blockchain have had a long-standing enterprise relationship that began at Riot’s Whinstone US facility in Rockdale, Texas. The Enlargement web site is roughing two hours from the latter, thus permitting Riot Blockchain and Precedence Energy to make the most of their current expertise pool.
The Capability of the Bitcoin Mining Website to be Expanded to 600 MW
As soon as section one of many Enlargement is full, the positioning will probably be expanded by an extra 600 MegaWatt to achieve 1 GigaWatt. This will probably be executed via the 345 kV Navarro Swap which is 1,250 toes from the positioning.
[Feature image courtesy of Bloomberg]
