Riot announces acquisition of Bitcoin miner Block Mining

Riot Platforms announced its acquisition of Block Mining on July 23. The bitcoin miner said the transaction involved $18.5 million in cash and $74 million in Riot common stock. Riot will add 60 megawatts of capacity to its operational capacity, with a potential to grow that to over 300 MW. Riot Platforms has acquired Block […] source: https://coinjournal.net/news/riot-announces-acquisition-of-bitcoin-miner-block-mining/