Massive Bitcoin Mining Operation Comes to North Texas – NBC 5 Dallas-Fort Worth

A day after the city of Fort Worth announced it would begin mining bitcoin, a Colorado-based bitcoin mining company announced it would expand its Texas operations with a massive new facility in Navarro County that will eventually use enough energy equivalent to light approximately 200,000 homes.

Riot Blockchain, which currently operates a 400 MW facility in Rockdale, Texas, said on Wednesday that they were developing a 265-acre site for a digital currency mining operation near Corsicana that is expected to open in July 2023.

The first phase of the facility will use around 400 MW of power, the company said. That’s enough electricity to power approximately 80,000 homes at full capacity.

Future capacity at the site will be expanded by an additional 600 MW to 1,000 MW, or 1 GW, “via the 345 kV Navarro switch which is located approximately 1,250 feet from the site.” That’s enough electricity to power approximately 200,000 homes during peak hours.

“Once the expansion is complete, Riot’s developed capacity will total 1.7 GW, establishing the company among the largest bitcoin mining operations in the world,” said Jason Les, CEO of Riot. “Riot’s ability to generate such a significant expansion opportunity in Texas exemplifies the company’s partnership-driven approach with all stakeholders, including the company’s business partners, ERCOT and all levels of government, to engage with sustainable economic development”.

Arlington-based Priority Power Management will manage site development, utility interconnection, power purchase agreements and power load flexibility for the mining facility.

The 400 MW first phase is expected to create some 270 jobs in the area.

Riot Blockchain currently operates a mining facility about 50 miles northeast of Austin in Rockdale in Milam County called Whinstone. That facility currently has a total power capacity of 750 MW, with 400 MW currently developed. It is believed to be the largest facility, by capacity, dedicated to bitcoin mining in North America.

During a winter storm threat earlier this year, the company shut down 99% of its Rockdale operation to ease the load on the state’s beleaguered power grid.

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