This startup provides mining infrastructure and colocation services to enhance Bitcoin hash rate in North America. By operating as a mining rig reseller and offering colocation, it enables clients to efficiently mine cryptocurrency and optimize their operations.
Funding
$41M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Bitcoin mining operations require significant infrastructure and access to reliable, cost-effective power, creating barriers to entry and operational challenges for many participants. Optimizing hash rate and managing energy consumption are critical for profitability in a competitive market.
Solution
Riot Platforms provides vertically integrated Bitcoin mining and digital infrastructure solutions, operating North America's largest Bitcoin mining facility as measured by developed capacity. The company focuses on expanding its mining operations and infrastructure capacity, offering colocation services and operating as a mining rig reseller. Riot Platforms also engineers and fabricates electrical switchgear, enabling efficient and scalable power solutions for its mining facilities. By converging money and energy, Riot Platforms aims to transform energy grids and drive new power generation capacity.
Target Audience
The primary audience includes Bitcoin miners seeking scalable infrastructure, efficient power solutions, and colocation services to optimize their mining operations.
Features
- Vertically integrated Bitcoin mining operations with data centers in central Texas and Kentucky
- Electrical switchgear engineering and fabrication operations
- North America’s largest Bitcoin mining facility as measured by developed capacity
- Total power capacity of 2 GW, with 1.2 GW already developed
- Infrastructure includes both air-cooling (560 MW) and immersion-cooling (600 MW)
- Hash rate of 30.8 EH/s as of November 30, 2024
- Evaluation of AI/HPC uses for remaining power capacity