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
Euro holds gains above 1.1600 despite robust US jobs data, traders eye ECB rate decision
Port of Tauranga wins fast-track approval for Stella Passage development
The first major "exam" after the Cook era! Morgan Stanley: Apple's (AAPL.US) autumn launch event is the most important in ten years; the first foldable iPhone may spark a new wave of growth
Morgan Stanley analysts stated that Apple's upcoming "Surprise and Shine" autumn product launch event on September 9 may become the company's most important product release in nearly a decade.
Crypto prices
More
