Riot Platforms has introduced the acquisition of Block Mining in a $92.5 million deal. This acquisition will broaden Riot’s whole potential energy capability to 2 gigawatts.
The deal provides 60 megawatts of present operational capability with the potential to rapidly broaden to 110 megawatts this 12 months beneath present agreements.
The transaction additionally goals to diversify Riot Platforms’ working footprint and convey on a confirmed administration workforce to construct and function new capability. Jason Les, CEO of Riot Platforms, expressed delight and pleasure over the acquisition.
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