🚀 **Riot Platforms Acquires Block Mining for $92.5M!** 🚀

- **Big Move:** Riot Platforms, Inc. has acquired Kentucky-based Block Mining, Inc. for $92.5 million, boosting its growth and operational capacity.

- **Deal Breakdown:** The deal includes $18.5M in cash and $74M in Riot stock, with an additional $32.5M contingent on milestones.

- **Capacity Expansion:** Block Mining adds 60 MW, with plans to scale to 305 MW by 2025, potentially increasing Riot’s hash rate to 56.6 EH/s.

- **Strategic Growth:** This acquisition diversifies Riot’s operations beyond Texas and aligns with their goal of reaching 100 EH/s.

- **Financial Outlook:** Analysts are optimistic, raising Riot’s 2024 revenue estimate to $344.2M.

💬 **Thoughts on Riot’s expansion? Share in the comments!**