🚀 Crypto industry news: Riot Platforms acquires Block Mining for $92.5 million!

📈 Riot Platforms, Inc. announced the acquisition of Block Mining, Inc. for $92.5 million, which includes $18.5 million in cash and $74 million in Riot stock.

🔋 With this deal, Riot increases its capacity to 60 MW and plans to expand to 305 MW by 2025, which will increase the hash rate to 56.6 EH/s.

🌍 This acquisition also helps Riot diversify its geographic presence beyond Texas.

💬 What do you think about the future of Riot Platforms? Share your opinion in the comments!