Riot Platforms acquired Block Mining for $92.5 million! 💥 The deal includes $18.5 million in cash and $74 million in Riot shares. Block Mining could receive up to $32.5 million more by 2025. With this acquisition, Riot has increased its hashrate and expanded its geographic footprint.

Block Mining will continue to operate its facilities in Kentucky, and Riot plans to expand capacity to 110 MW by the end of 2024. 🚀