Construction begins on world's largest Bitcoin mining farm
The mining farm, owned by Riot, will have an electrical capacity of 1 GW.
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.
As 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.
That is, this company will provide the farm with liquid-cooled mining equipment. This is a considerable advantage for the high temperatures of the Texas summer
Riot finished another mega farm in January
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.
