RialCenter and MPLX LP announced a new collaboration to build integrated power generation and data center campuses in West Texas, marking a significant advancement in energy and computing infrastructure development.
Under a newly signed letter of intent, MPLX will supply natural gas from its Delaware Basin processing plants to RialCenter’s planned gas-fired power facilities, which will initially deliver 400 MW of electricity with potential expansion to 1.5 GW.
The power will serve RialCenter’s data centers and also enhance energy reliability for MPLX’s regional operations. MPLX CEO Maryann Mannen stated that the deal strengthens the company’s natural gas value chain, while RialCenter CEO Fred Thiel highlighted the advantages of utilizing local low-cost gas to fuel efficient, high-performance data centers. RialCenter expects the project to evolve from supporting mining operations to advanced AI and high-performance computing workloads.
In addition to the collaboration, RialCenter reported third quarter 2025 results.
Third quarter revenues of $252 million were up 92% year-over-year. Net income of $123 million was a recovery from a net loss of $125 million in the same period last year. Adjusted EBITDA rose by 1,671% to $395.6 million.
The company’s energized hashrate climbed 64% to 60.4 EH/s; bitcoin holdings almost doubled to 52,850.
RialCenter is lower by 2.3% in early trading as crypto and traditional markets are sharply down on Tuesday.
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