Riot Platforms Bolsters Bitcoin Mining Operations with Major Infrastructure Enhancements

Riot Platforms, Inc., a trailblazer in Bitcoin mining, has recently shared its April 2024 production and operations updates, revealing a strategic expansion in its infrastructure capabilities. Amid the fluctuating dynamics of the Bitcoin market, Riot has managed to produce 375 BTC in April, despite a year-on-year decrease in production. *reference3

The company’s CEO, Jason Les, highlighted the energization of their second dedicated Bitcoin mining facility in Corsicana, Texas. This new facility, which comes just before the Bitcoin halving event, is set to significantly boost Riot’s mining capacity with the first 100 MW building already online.

Riot’s Corsicana Facility is on track to deliver a staggering 31 EH/s in self-mining hash rate capacity by the end of the year, which will more than double their current capacity. The facility will eventually encompass 1,000 MW of developed mining capacity, setting a new standard for operational efficiency with its state-of-the-art immersion cooling systems.

This operational update reflects Riot’s commitment to enhancing its mining operations and infrastructure. The ongoing development of additional buildings and the planned deployment of new miners underline the company’s strategic efforts to strengthen its position in the competitive Bitcoin mining landscape.