Working in close collaboration with HashHouse Tech, a renowned mining equipment supplier, Riot Platforms aims to establish a farm capable of producing an astounding 400 MW. To achieve this ambitious goal, they have opted for MicroBT installations powered by the reliable Poseidon platform, ensuring uninterrupted performance even in challenging climate conditions, such as the sweltering heat of Texas.
In a significant transaction that took place towards the end of last year, Riot Platforms acquired an impressive fleet of 66,560 ASIC mining rigs, investing close to $291 million in expanding their mining capabilities.
Further adding to the buzz surrounding this endeavor, the Office of Management and Budget (OMB) in the United States recently granted the Energy Information Administration (EIA) permission to gather comprehensive data regarding the energy consumption and usage of mining companies.