Crypto mining firm Riot Platforms — formerly Riot Blockchain (NASDAQ:RIOT) — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state.
According to a Feb. 6 announcement, Riot reported two of the buildings at its Whinstone facility in Rockdale, Texas were damaged in December 2022 as the state experienced days of sub-zero temperatures. From Dec. 22 to Dec. 25, temperatures across many parts of Texas — and the United States — dropped to below freezing.