*🚨Riot's Acquisition of Block Mining*
- *Acquisition Details*: Riot Platforms, Inc. acquired Block Mining, Inc. for $92.5 million, consisting of $18.5 million in cash and $74 million in Riot common stock
- *Hash Rate Increase*: The acquisition immediately adds 1 exahash per second (EH/s) to Riot's self-mining hash rate, with potential growth to 16 EH/s by the end of 2025
- *Geographical Expansion*: The acquisition expands Riot's operational footprint into Kentucky, diversifying its geographical presence and energy markets
- *Block Mining's Operations*: Block Mining consists of two operational sites in Kentucky, totaling 60 MW of operational capacity, with potential to expand up to 155 MW