Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State

2022.07.07 08:15

Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State

Crypto mining firm Riot Blockchain (NASDAQ:RIOT) said it has begun relocating rigs from its New York data facility, with the majority intended to end up in central Texas.

In a Wednesday announcement, Riot said it has transitioned some of its mining rigs from a Massena, New York facility — named Coinmint — as part of an effort to reduce the firm’s operating expenses through lower power costs and eliminate “all third-party hosting fees.” The company said it planned to “ship the balance of its S19 miner fleet” at Coinmint to Riot’s Whinstone facility in Rockdale, Texas in July.