Bitcoin Miner Riot: Anticipation Builds for a Data Center Deal

The saying that “good things come to those who wait,” is what Riot Platforms is banking on. The company is taking its time in preparing its two major sites for AI data center customers. Meanwhile, Bitcoin mining peers seem to be rushing toward deals, and their stocks have been popping off over the past few weeks as a result. When asked in the earnings call what the hold up is, Riot explained they are looking to maximize the deal terms as they have one of the most attractive sites in the country (an analyst’s words regarding the Corsicana site, not theirs). Corsicana is especially attractive as it’s located near the Tier 1 market of Dallas and has ample power and water for liquid cooling. The Rockdale site is the second priority for securing a lease and will be used for Bitcoin mining in the interim.

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