Each farm operates in a facility.
Acquisitions For Whinstone Facility Reaches 621 Million
In addition to Riot’s self-mining operations, Whinstone currently hosts Bitcoin mining operations for other clients who, by the end of 2022, are expected to utilize up to 200 MW of aggregate power capacity. In addition to hosting revenue, Whinstone generates engineering and construction services revenue from hosting clients on site, including revenue derived from the fabrication and deployment of immersion-cooling technology for Bitcoin mining.
Using solar energy to mine Bitcoin is increasingly popular owing to the energy-intensive nature of the crypto mining process and the impact of this energy usage on operating costs. Additionally, many have suggested that renewable energy sources like solar will be crucial to the continuing feasibility of mining cryptocurrencies like Bitcoin, because the current carbon emissions resulting from crypto mining aren’t sustainable moving forward. With these issues in mind—operating costs on a personal level and carbon footprint on a global scale—using solar energy to power cryptocurrency mining makes sense for all parties involved. On top of this, implementing battery storage alongside a solar PV system can provide a new level of autonomy and energy independence for crypto miners.