Texas Bitcoin Mining Farm Sold For Half a Billion

bitcoin mining farm texas rockdale april 2021

One of the biggest mining farm in the United States operated by Northern Data’s subsidiary Whinstone Inc, has been sold to Riot Blockchain for €550 million ($654 million) in cash and shares. €67 million was paid in cash to Northern Data which further acquired 11.8 million common shares of Riot Blockchain, amounting to €481 million at the current price. That makes this the biggest known acquisition of a bitcoin mining site, with Northern Data stating they plan to use the proceeds to build eight new high-performance data centers (HPC) in Europe and America. They already have such datancenters in Canada, Germany, the Netherlands and Scandinavia, with Northern Data claiming German engineering excellence. “Northern Data has been able to create a versatile multi-site network of efficient HPC capabilities with an industry-leading sustainability focus by offering secured access to renewable energy sources. With the proceeds from the transaction, we can accelerate our…

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