Riot Blockchain is set to acquire a Texas data facility for $650M

By CointelegraphOsato Avan-Nomayo2 days ago

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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.

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