Riot Platforms, the third largest Bitcoin miner in the world, broke ground on what will be the world's largest Bitcoin mining farm in Corsicana, Texas. This monumental installation, with an electrical capacity of 1 gigawatt (GW), marks a milestone and confirms Riot as a power in the industry.
The project, whose estimated investment is no less than USD 333 million, is already underway in its first phase of construction. In addition to Bitcoin mining, the infrastructure will include a data center with large energy capacity.
reported by the company, the 400 megawatt (MW) substation is expected to be operational by the end of March 2024. The first 100 MW building, A1, will begin operations immediately after.
Riot Blockchain is the third company dedicated to Bitcoin mining with the highest market capitalization in the world. Its assets amount to USD 2.89 billion, and it is only surpassed in this index by Marathon Digital Holdings and Phoenix Group.
As part of this project, which will be built in stages throughout 2024, Riot Platforms announced a strategic collaboration with HashHouse Tech to supply 200 MW of “immersion infrastructure” for the so-called Corsicana Facility.
That is, this company will provide the farm with liquid-cooled mining equipment. This is a considerable advantage for the high summer temperatures of Texas, a territory where Bitcoin miners are very well received.
In late January, Riot announced the completion of its mining farm in Rockdale, Texas, United States, which is described as “the largest Bitcoin mining farm in North America in developed capacity.” The facility consists of seven buildings, of which two have liquid-cooled equipment and the rest use ventilated cooling. In terms of capacity, the Riot plant in Rockdale has a total power of 700 MW. With the two plants described, Riot plans to reach a total hashrate of 20.1 EH/s by mid-2024.
