How Riot Plans to Add Hashrate Without Adding Miners

How Riot Plans to Add Hashrate Without Adding Miners
Riot Blockchain plans to increase its crypto mining hashrate potentially by up to 50% through adopting 200 megawatts of immersion-cooling technology at its Whinstone facility in Texas.The technology allows the mining rigs to be submerged in a specialized fluid, which helps them operate at lower temperatures, resulting in a more efficient and stable environment, the Colorado-based miner said in a statement on Tuesday. The initial deployment of ASIC miners in the immersion-cooled buildings is expected to commence by the fourth quarter of 2021.“Based on industry data and the Company’s own preliminary immersion-cooling test results, an estimated 25% increase in hash…