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VanEck Executive: RIOT suspends expansion plan for the world's largest Bitcoin mine

VanEck Executive: RIOT suspends expansion plan for the world's largest Bitcoin mine

Bitget2025/01/21 12:59

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.

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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.

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