Bitcoin Miner Riot Reveals Massive 1 Gigawatt Texas Expansion Plan

There are all kinds of juicy things happening in the crypto space these days. Check out the latest reports below.

It’s been just revealed that the Bitcoin miner Riot announced Wednesday plans to expand its mining capacity by up to 1 gigawatt (GW) in a new facility located in Navarro County, Texas.

As the Block Crypto notes, between the new site and the Riot’s growing Whinstone facility, the company’s long-term goal is to reach 1.7 gigawatts in total developed capacity.

“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.

It’s also important to know the fact that Riot has already started developing an initial 400 megawatts of capacity on a 265-acre site in Navarro.

Those mining machines should go online by July 2023, according to the same publication mentioned above.

The facility will use immersion-cooled technology and will also offer hosting services.

It’s been also revealed that 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. The company expects to create around 270 direct jobs.

The mass crypto and blockchain adoption continue these days and this is happening despite the fact that we’re hopping from one global crisis to another.

Check out the latest reports that are highlighting thr fact that the mainstream adoption of digital assets is going straight to the moon.

Strike’s partnership with Shopify, Blackhawk Network, and NCR allows people to use Bitcoin in a much more mainstream way, ditching traditional payment system monopolists.

Payment network Strike revealed the integrations with Shopify, alternative payment processor Blackhawk Network and point-of-sale provider NCR, making it easier for global merchants to accept BTC payments.