Midas Immersion Cooling To Supply 200 MW Of Immersion Cooling Equipment Solutions To Riot Platforms, Inc.
Portfolio Pulse from Happy Mohamed
Midas Immersion Cooling has entered into a long-term supply agreement with Riot Platforms, Inc. (NASDAQ:RIOT) to supply 200 MW of immersion cooling equipment solutions. The agreement also includes an option for Riot to purchase up to 400 MW of additional systems. The initial sale will bring the total worldwide deployment of Midas immersion systems to 0.5 GW.
July 19, 2023 | 12:28 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Riot Platforms, Inc. has entered into a supply agreement with Midas Immersion Cooling for 200 MW of immersion cooling systems, with an option for an additional 400 MW.
The agreement with Midas Immersion Cooling will provide Riot Platforms with advanced cooling systems for their operations. This could potentially increase the efficiency and lifespan of their mining infrastructure, which could positively impact their operational performance and profitability. Therefore, this news is likely to have a positive impact on Riot's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100