Riot Platforms Charges Up with Gigawatt Bitcoin Expansion in Texas
Exciting news for Bitcoin enthusiasts! Riot Platforms is embarking on a monumental gigawatt (GW) expansion in Navarro County, Texas, to significantly bolster its mining capabilities.
Riot Platform projects an investment of approximately $333 million for the initial phase of the Expansion, spread across the remainder of 2022, 2023, and the first quarter of 2024.
This ambitious project kicks off with an initial 400-megawatt (MW) data center, slated to commence operations in July 2023. Boasting cutting-edge immersion-cooled technology for energy efficiency, the facility represents a sustainable step forward in Bitcoin mining. Additionally, the project is expected to generate around 270 jobs and positively impact the local economy.
With the potential to expand to a total of 1 GW, Riot is positioning itself as a major player in the Bitcoin mining scene. This strategic move showcases their commitment to the future of cryptocurrency and their dedication to responsible growth.
As we can see, the two large pops on $RIOT were post $BTC (Bitcoin) Halving which occurs every 4 years. Next Bitcoin halving is due in April of this year 2024.
FIND YOUR TADING TRIBE!!! Join ZTRADEZ, The free stock market options trading crypto discord below.
NOTE: This is not financial advice. None of the information provided in this blog constitutes as a buy recommendation. [DISCLAIMER]
Comments