ICYMI: Bitcoin miner Riot announces massive 1 gigawatt expansion plan in Texas
Bitcoin miner Riot announced Wednesday plans to expand its mining capacity by up to 1 gigawatt in a new facility located in Navarro County, Texas.
“Upon completion of the Expansion, Riot’s developed capacity will total 1.7 GW, establishing the Company among the largest Bitcoin mining operations globally,” said Jason Les, CEO of Riot. According to Riot’s estimates, the first phase of the project will cost $333 million, which is scheduled to be invested gradually between now and the first quarter of 2024. According to the company, it is also expected to create around 270 direct jobs.
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