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Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin

The Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. Blockcap Sets Up Headquarters in Austin, Former Texas Governor Rick Perry Welcomes the Mining Company On April 9, 2021, the firm Blockcap announced that it was establishing headquarters in Austin Texas, and the company will join a number of companies that reside in the Lone Star State. Just recently, Blockcap announced…

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Riot Purchased Massive BTC Mining Firm In Texas Worth $650 Million

Riot purchased massive Bitcoin mining company Whinstone Inc, in Texas for $650 million with goals to become the largest data center in the world so let’s read more in our latest Bitcoin news today. Northern Data AG, the EU infrastructure company sold its Whinstone subsidiary to Riot Blockchain. Riot purchased Whinstone and its planned mining operations in Texas. According to the press release from Northern Data, the deal was worth $80 million with 12% shares of Riot that are worth above $570 million. The entire deal comes up to more than $650 million. Northern Data bought Whinstone which operates its…

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Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners for $23M

One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer S-19 Pro models for $23 million. Marathon Patent Group wants to be the largest bitcoin mine in the United States and its recent acquisition of thousands of next-generation mining rigs may help fortify that goal. On Friday, Marathon announced a long term agreement with Bitmain Technologies as it has agreed to purchase 10,500 new S-19 Antminers from the company. The latest S-19 Pro series claims…

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