In April, Bitcoin mining company Riot Blockchain announced its ambitious plans to expand their operations and light up over 200,000 homes in Corsicana, Texas.
Riot Blockchain is one of the biggest mining operators backed by a 400 MW facility that can be found in Rockdale, Texas.
The company recently revealed that they’re now expanding to a 256-acre site intended for crypto mining in Corsicana that is set to launch in July next year.
Although the company claimed that they have enough capacity to power around 200,000 homes, their current facility will be churning around 400 MW of electricity that can light up an equivalent of 80,000 homes at peak capacity.
This is regarded as the first phase of the project which has an estimated project cost of $333 million.
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Riot operates a mining facility in Rockdale which has a 750 MW power capacity (The Business Journals).
Now, once the expansion is completed, Riot Blockchain’s capacity expands to around 1.7 GW, making the crypto miner one of the biggest names in the global bitcoin mining arena.
According to Riot Blockchain CEO Jason Les, the ability of Riot to expand in Texas solidifies the company’s drive towards strengthening business partnerships in variably all levels of the government with the sole vision of accomplishing sustainable economic ethos.
Further, the company states the first phase with the power capacities can open around 270 job opportunities in the area.
Right now, Riot currently runs a mining facility in Rockdale which has a 750 MW power capacity. It’s regarded as one of the largest bitcoin mining facilities in North America.
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