Riot Blockchain focuses its efforts on infrastructure with a capacity rate registered at 400 MW. The company intends to obtain land, get the site ready and install electrical substations.
Since its arrival, Bitcoin mining has been an operation that depends directly on its power grid status. A mining company located in the United States of America went to extend its fields and will create an electrical infrastructure, through which they will take even more advantage of the energy they implement to mine bitcoins.
Riot Blockchain, one of the most prominent Bitcoin mining companies worldwide, brought such a plan to light. According to the proposal they made, they try to build a data center with a capacity rate registered at more than 1 GW of power. It is an adaptation of their systems to take energy in a better and more secure way.
During a press release, Riot, located in Texas, United States of America, revealed that they started developing an expansion of their activities; building an infrastructure capable of transmitting enough electricity to carry out Bitcoin mining massively.
This plan got built as a method to abandon less effective practices and improve the use of available electrical energy to mine Bitcoin in a way that causes the most negligible impact on surrounding communities.
The origin of this energy source remains unclear, but Riot highlighted that they will take advantage of the electricity that goes through the Navarro Line, with a voltage registered at 345 kV and which got spotted 380 meters from where the infrastructure will be.
A Project Divided into Stages
The project will reach its completion in stages. In the first round, installing a mining farm with an initial 400 MW power capacity is intended. This action will take place on just over 1 square kilometer plot. Hosting and immersion-cooled mining operations will begin there, scheduled for July 2023.
Riot highlighted that this first stage will generate at least 270 direct jobs and bring positive economic improvements to Navarro County. According to the company’s research, an expense of USD 333 million would be the amount to complete this first stage of this project. These funds will get injected during the current year, 2022, 2023, and the first quarter of 2024.
Once the installation of the first stages reaches its completion, the strategy will continue its course, and the capacity will increase to 1,000 MW or 1 GW.
According to Riot CEO Jason Les, Riot’s developed capacity will reach 1.7 GW, consolidating the entity among the most significant Bitcoin mining operations worldwide.
Large Power Plants
Riot’s project, which includes a plant with a tremendous amount of energy to mine Bitcoin, can get compared to the power of various power providers worldwide.
The Riot complex in Navarro will count on more power than a nuclear reactor at the Palo Verde plant based in the US, one of the most prominent power sources in the North American region. In general, each reactor counts on a capacity of 1,270 MW, for 3.8 GW.
The fact is that Riot proposes a complex that, in itself, could bring energy to an entire region, but its power will serve to generate bitcoins.
By: Jenson Nuñez
