{"id":60764,"date":"2022-04-28T18:00:14","date_gmt":"2022-04-28T15:00:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60764"},"modified":"2025-09-05T05:14:04","modified_gmt":"2025-09-05T02:14:04","slug":"riot-blockchain-announces-1-gw-expansion-of-bitcoin-mining-capacity","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/riot-blockchain-announces-1-gw-expansion-of-bitcoin-mining-capacity\/","title":{"rendered":"Riot Blockchain announces 1 GW expansion of bitcoin mining capacity"},"content":{"rendered":"<p>The Nasdaq-listed mining company Riot Blockchain <a href=\\\"https:\/\/www.riotblockchain.com\/news-media\/press-releases\/detail\/127\/riot-blockchain-announces-1-gw-development-in-navarro\\\">\u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430<\/a> \u043e \u043f\u043b\u0430\u043d\u0430\u0445 \u0441\u0442\u0440\u043e\u0438\u0442\u0435\u043b\u044c\u0441\u0442\u0432\u0430 \u043e\u0431\u044a\u0435\u043a\u0442\u0430 \u0434\u043b\u044f \u0434\u043e\u0431\u044b\u0447\u0438 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043c\u043e\u0449\u043d\u043e\u0441\u0442\u044c\u044e 1 \u0413\u0412\u0442 \u0432 \u043e\u043a\u0440\u0443\u0433\u0435 \u041d\u0430\u0432\u0430\u0440\u0440\u043e \u0448\u0442\u0430\u0442\u0430 \u0422\u0435\u0445\u0430\u0441.<\/p>\n<p>The firm has already begun implementation of the first phase. As part of it, a facility spanning over 107 hectares will be constructed with a capacity of 400 MW. Operations using immersion-cooled equipment are expected to begin in July 2023.<\/p>\n<p>The first phase includes:<\/p>\n<ul class=\"wp-block-list\">\n<li>\u043f\u043e\u043a\u0443\u043f\u043a\u0443 \u0437\u0435\u043c\u043b\u0438 \u0438 \u043f\u043e\u0434\u0433\u043e\u0442\u043e\u0432\u043a\u0443 \u043f\u043b\u043e\u0449\u0430\u0434\u043a\u0438;<\/li>\n<li>\u0441\u0442\u0440\u043e\u0438\u0442\u0435\u043b\u044c\u0441\u0442\u0432\u043e \u043f\u043e\u0434\u0441\u0442\u0430\u043d\u0446\u0438\u0438 \u0438 \u043b\u0438\u043d\u0438\u0439 \u044d\u043b\u0435\u043a\u0442\u0440\u043e\u043f\u0435\u0440\u0435\u0434\u0430\u0447;<\/li>\n<li>\u0432\u043e\u0437\u0432\u0435\u0434\u0435\u043d\u0438\u0435 \u0432\u0441\u043f\u043e\u043c\u043e\u0433\u0430\u0442\u0435\u043b\u044c\u043d\u044b\u0445 \u0441\u043e\u043e\u0440\u0443\u0436\u0435\u043d\u0438\u0439 \u0438 \u0447\u0435\u0442\u044b\u0440\u0435\u0445 \u0437\u0434\u0430\u043d\u0438\u0439 \u0434\u043b\u044f \u0438\u043d\u0444\u0440\u0430\u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u044b \u043c\u0430\u0439\u043d\u0438\u043d\u0433\u0430.<\/li>\n<\/ul>\n<p>Riot estimates the cost of this phase at $333 million with phased investments through the end of the first quarter of 2024.<\/p>\n<p>Going forward, capacity at the site will be increased by 600 MW.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cUpon completion of the expansion, installed capacity will reach 1700 MW, making the company one of the largest bitcoin mining businesses in the world,\u201d said Riot CEO Jason Les.<\/p>\n<\/blockquote>\n<p>The project\u2019s partner is infrastructure firm Priority Power, which will oversee site development, utility interconnection, and power supply.<\/p>\n<p>The companies collaborated during the development of the Whinstone US data center. Located in Rockdale, Texas, the mining firm <a href=\"https:\/\/u1f987.com\/en\/news\/riot-blockchain-to-buy-whinstone-us-for-651-million\">acquired it in 2021<\/a>.<\/p>\n<p>Riot noted that the new site is within a two-hour drive, enabling efficient deployment of the technical workforce.<\/p>\n<p>In Texas, data centres of several industry players are already located or under construction, including <a href=\"https:\/\/u1f987.com\/en\/news\/compute-north-to-lift-bitcoin-mining-data-centre-capacity-to-1-2-gw\">Compute North<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/iris-energy-to-secure-600-mw-texas-mining-capacity\">Iris Energy<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/core-scientific-mined-more-than-1000-btc-for-the-second-consecutive-month\">Core Scientific<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-to-build-a-green-data-center-for-bitcoin-mining\">Marathon Digital<\/a>.<\/p>\n<p>One of the region&#8217;s cities, Fort Worth, became the first in the United States to <a href=\"https:\/\/u1f987.com\/en\/news\/fort-worth-texas-becomes-the-first-city-in-the-united-states-to-mine-bitcoin\">start bitcoin mining<\/a> in a pilot project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq-listed mining company Riot Blockchain announced plans to build a bitcoin mining facility with a capacity of 1 GW in Navarro County, Texas.<\/p>\n","protected":false},"author":1,"featured_media":60765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1186,26],"class_list":["post-60764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-riot-platforms","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"48","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60764"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60764\/revisions"}],"predecessor-version":[{"id":60766,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60764\/revisions\/60766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60765"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}