{"id":64001,"date":"2022-04-29T09:01:22","date_gmt":"2022-04-29T09:01:22","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=64001"},"modified":"2022-04-29T09:01:22","modified_gmt":"2022-04-29T09:01:22","slug":"riot-blockchain-is-constructing-a-1-gw-bitcoin-mining-facility-in-navarro-county-texas","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=64001","title":{"rendered":"Riot Blockchain Is Constructing a 1 GW Bitcoin Mining Facility in Navarro County, Texas"},"content":{"rendered":"

\"Riot<\/p>\n

The publicly listed bitcoin miner Riot Blockchain has announced the company has started development on a 1 gigawatt (GW) bitcoin mining facility in Navarro County, Texas. The development of 400 megawatts (MW) of capacity has been initiated on the 265-acre site and the team hopes to have bitcoin mining and hosting capabilities online by next year.<\/strong><\/p>\n

Riot Is Developing a 1 GW Bitcoin Mining Data Center \u2014 Company Plans for 400 MW of Capacity to Be Online by July 2023<\/h2>\n

Riot Blockchain<\/a> (NASDAQ: RIOT<\/a>) is expanding operations in Texas as it is currently developing a 1 GW mining facility in Navarro County. According to Riot, the first phase has begun, which includes \u201cland acquisition, site preparation, substation development, and transmission construction.\u201d<\/p>\n

Furthermore, Riot is constructing a few buildings that will house the firm\u2019s immersion-cooling infrastructure and technology. The company expects the cost of the first phase of expansion to be approximately $333 million.<\/p>\n

Bitcoin mining in Texas has grown a great deal over the last few years and in 2021, the mining firm Blockcap set up the company\u2019s headquarters in Austin and Former Texas governor Rick Perry welcomed the mining team. A number of other bitcoin mining companies have been migrating<\/a> to the Lone Star state in recent times<\/a>.<\/p>\n

While Blockcap made its announcement in the first week of April 2021, at the same time, Riot announced<\/a> the acquisition of a mining site in Rockdale, Texas for $650 million. Riot\u2019s latest move in Navarro County will start with 400 MW and the firm hopes to offer bitcoin mining and hosting capabilities by July 2023.<\/p>\n

\u201cAfter completing the first 400 MW phase of the Expansion, future capacity at the site will be expandable by an additional 600 MW to 1,000 MW, or 1 GW, via the 345 kV Navarro switch that is located approximately 1,250 feet away from the site,\u201d Riot\u2019s announcement notes.<\/p>\n

Riot CEO: \u2018Upon Completion of Expansion, Riot\u2019s Developed Capacity Will Total 1.7 GW\u2019<\/h2>\n

After the expansion completes, Jason Les, the CEO of Riot, believes the firm will be one of the largest bitcoin mining operations in the world. \u201cUpon completion of the expansion, Riot\u2019s developed capacity will total 1.7 GW, establishing the company among the largest bitcoin mining operations globally,\u201d the Riot executive said in a statement.<\/p>\n

Furthermore, the company will be leveraging a \u201cstrategic partnership with Priority Power Inc.\u201d in order to bolster the expansion. The company will help with \u201csite development, utility interconnection, power purchase agreements, and power load flexibility.\u201d<\/p>\n

According to Riot, the firm already has a strong relationship with Priority Power as the firm was a \u201ckey partner\u201d in the development of Riot\u2019s Whinstone US data center in Rockdale, Texas.<\/p>\n

What do you think about Riot Blockchain expanding operations in Navarro County, Texas, in order to deploy a 1 GW mining center? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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The publicly listed bitcoin miner Riot Blockchain has announced the company has started development on a 1 gigawatt (GW) bitcoin mining facility in Navarro County, Texas. The development of 400 megawatts (MW) of capacity has been initiated on the 265-acre site and the team hopes to have bitcoin mining and hosting capabilities online by next […]<\/p>\n","protected":false},"author":2,"featured_media":64002,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-64001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/64001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64001"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/64001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/64002"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}