• Riot Blockchain Launches a 200MW Immersion-Cooled Bitcoin Mining Facility

  • Riot Blockchain announced today the launch of its new 200 megawatt (MW) industrial-scale immersion-cooled bitcoin mining operation at its Whinstone facility, which the company acquired earlier this year. This operation will consist of two buildings that will house approximately 46,000 S19 series Antminer ASICs, all of which will be immersion-cooled.

    “After months of research and development, Riot is proud to be a pioneer in the use of cutting-edge immersion-cooling technology on an unprecedented scale,” said Jason Les, Riot’s CEO.

    Immersion-Cooling refers to the process of immersing miner ASICs in a specialized fluid that circulates, allowing the miners’ integrated circuits to operate at lower temperatures. This method can also increase the hash rate of miners because they no longer require fans for cooling, resulting in machines that use less energy.

    According to industry data and the company’s own preliminary immersion-cooling test results, the company expects a 25% increase in hash rate from the submerged miners, but they could see a potential increase in ASIC performance of up to 50%.

    We expect to see an increase in the company’s hash rate and productivity as a result of these efficiencies through 2022, without having to rely solely on purchasing additional ASICs,” Les added. “Riot intends to continue driving operating and capital efficiencies for its self-mining business and institutional clients by leveraging technology, industry-leading low power costs, and economies of scale.”

    The first immersion-cooled ASICs are expected to be deployed in Q4 of 2021.

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