Riot Platforms bought Block Mining for $92.5 million 💸

🔹 American mining giant Riot acquired Block Mining from Kentucky.

🔹 The deal includes $18.5 million in cash and $74 million in Riot shares.

🔹 Block Mining may receive up to $32.5 million in additional payments depending on results until 2025.

🔹 Riot is increasing its capacity and entering new energy markets.

🔹 It is planned to expand capacity to 110 MW by the end of 2024.