Riot Blockchain is continuing its Bitcoin (BTC) mining expansion efforts. Reports suggest that the United States-based miner is set to purchase Whinstone US Inc, currently owned by Northern Data.
The planned purchase was announced by Riot Blockchain on Thursday via a press release, with the U.S. Bitcoin miner paying $80 million in cash. The remainder will come from the sale of about 12% of its stock to Northern Data.
Whinstone reportedly operates the single largest Bitcoin mining facility in the United States. Based in Texas, Whinstones data center reportedly has a total capacity of 750 megawatts, with an additional 300 MW expansion currently in the works.