According to Odaily, Bitcoin mining company Riot Platforms has acquired Block Mining for $92.5 million to enhance its mining operations. In a statement released on Tuesday, Riot announced that this acquisition will immediately add 60 megawatts to its existing operational capacity. The company further stated, 'Riot intends to expand Block Mining's two mining sites, aiming to achieve 110 megawatts of self-mining operations by the end of 2024. This expansion will potentially increase Riot's total power generation capacity to 2 gigawatts.'