According to Golden Finance, Bitcoin mining company Riot Platforms today acquired Kentucky-based Bitcoin miner Block Mining for $92.5 million to expand its mining operations. In a statement released on Tuesday, Riot said the acquisition could immediately add 60 megawatts of existing operating capacity. "Riot intends to further expand Block Mining's two mines, with the goal of achieving 110 megawatts of self-mining operations by the end of 2024," the company added. This will bring Riot's potential total power generation capacity to 2 gigawatts. The statement said Riot paid for the acquisition with $18.5 million in cash and $74 million worth of Riot common stock.