VanEck Executive: RIOT suspends expansion plan for the world's largest Bitcoin mine
VanEck Digital Asset Research Director Matthew Sigel revealed that Bitcoin mining company RIOT has announced a temporary halt to its expansion plan for the world's largest Bitcoin mine, located in Corsicana and with a scale of 600 MW. It will also accelerate negotiations with potential partners in the field of artificial intelligence/high-performance computing (AI/HPC).
The company expects capital expenditure to decrease by $245 million by 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Aave passes proposal: USDS LTV reduced to 0, collateral eligibility removed, reserve factor raised to 25%
The former product director of a certain exchange will join Y Combinator as a visiting partner.
Trending news
MoreCrypto prices
More
