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TheEnergyMag

Riot Expands Bitcoin Mining to Kentucky with $92.5M Block Mining Acquisition

Riot Platforms has acquired Kentucky-based Block Mining Inc., increasing its total bitcoin mining power capacity by 60 megawatts (MW) for $92.5 million. The deal, finalized on Tuesday according to Riot’s filing, includes $18.5 million in cash and the issuance of 7.24 million new shares of Riot’s common stock, valuing the acquisition at $1.54 million per […]

(opens on theenergymag.com)

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