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RiotPlatforms

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Jan 30
#VVVonBinance Riot Platforms Faces Dual Pressure from Activist Shareholders and Shifting Market Trends 🚨 🚨 Riot Platforms Under Pressure from Activist Shareholders 🚨 Riot Platforms is back in the limelight, as D.E. Shaw, a prominent investment firm managing $70 billion, has reportedly acquired a stake in the Bitcoin mining company. This follows a push from activist investor Starboard Value last year, urging Riot to make strategic changes. 📊 D.E. Shaw, known for its analytical and discreet approach, could push for significant changes within Riot, potentially altering its Bitcoin mining operations. With the growing demand for AI-driven data centers, could this be the next growth area for Riot? 💡 Riot has already revealed plans to explore the possibility of reallocating over 600 MW of power from its Corsicana, Texas facility to support AI and high-performance computing, adapting to the challenges posed by increasing mining difficulty. 🔍 Despite recent gains, Riot's stock has experienced a nearly 3% decline over the past year. Will the company be able to adapt to these mounting pressures? 👀 Stay tuned as this story unfolds! #Crypto #Bitcoin #RiotPlatforms #AI
#VVVonBinance
Riot Platforms Faces Dual Pressure from Activist Shareholders and Shifting Market Trends 🚨

🚨 Riot Platforms Under Pressure from Activist Shareholders 🚨

Riot Platforms is back in the limelight, as D.E. Shaw, a prominent investment firm managing $70 billion, has reportedly acquired a stake in the Bitcoin mining company. This follows a push from activist investor Starboard Value last year, urging Riot to make strategic changes.

📊 D.E. Shaw, known for its analytical and discreet approach, could push for significant changes within Riot, potentially altering its Bitcoin mining operations. With the growing demand for AI-driven data centers, could this be the next growth area for Riot?

💡 Riot has already revealed plans to explore the possibility of reallocating over 600 MW of power from its Corsicana, Texas facility to support AI and high-performance computing, adapting to the challenges posed by increasing mining difficulty.

🔍 Despite recent gains, Riot's stock has experienced a nearly 3% decline over the past year. Will the company be able to adapt to these mounting pressures?

👀 Stay tuned as this story unfolds!

#Crypto #Bitcoin #RiotPlatforms #AI
Mar 31
📉 U.S. crypto stocks drop in pre-market trading • Strategy: -4.00% • MARA Holdings: -3.69% • Riot Platforms: -3.37% 🔻 Risk sentiment cooling as crypto market retreats — watch for volatility in today’s U.S. session #CryptoStocks #MARA #RiotPlatforms
📉 U.S. crypto stocks drop in pre-market trading

• Strategy: -4.00%
• MARA Holdings: -3.69%
• Riot Platforms: -3.37%

🔻 Risk sentiment cooling as crypto market retreats — watch for volatility in today’s U.S. session

#CryptoStocks #MARA #RiotPlatforms
May 2
Жоғары (өспелі)
### **⚡ Riot Platforms Laporkan Rekor Pendapatan Tapi Rugi di Q1 2025** #### **📌 Highlights:** - **Revenue tertinggi sepanjang sejarah**: **$161.4 juta** (naik **50% YoY**), mengalahkan estimasi Wall Street ($159.79 juta). - **Rugi bersih $296K**, turun **240%** dibandingkan laba $211K di Q1 2024. - **Biaya mining melonjak 90%** jadi **$43,808 per BTC** (vs $23,034 tahun lalu). - **Produksi BTC naik 166 koin** dibanding 2024 (≈ $16.13 juta di harga saat ini). - **Holding BTC**: **19,223 BTC** (≈ **$1.86 miliar**). --- ### **🔍 Penyebab Rugi & Tantangan:** 🔴 **Bitcoin Halving (April 2024)** → Penghasilan mining turun. 🔴 **Hashrate global naik 41%** → Kompetisi mining lebih ketat. 🟢 **Ekspansi fasilitas** → Riot pakai **$100M pinjaman dari Coinbase (dijamin BTC)**. --- ### **📈 Reaksi Pasar:** - **Saham RIOT naik 7.32%** (ditutup di **$7.77**). - **Harga BTC stabil di ~$97K** → Pendapatan mining masih menguntungkan long-term. --- ### **💡 Apa Artinya untuk Investor?** ✅ **Positif**: Revenue tumbuh, ekspansi terus berjalan. ⚠️ **Risiko**: Biaya operasional tinggi bisa tekan profitabilitas jika harga BTC turun. **#RiotPlatforms #Bitcoinmining #BTC走势分析 #CryptoStocks ** ⛏️💰 💬 **Bagaimana prediksimu?** Apakah Riot bisa balik profit di Q2? Komen di bawah! 👇
### **⚡ Riot Platforms Laporkan Rekor Pendapatan Tapi Rugi di Q1 2025**

#### **📌 Highlights:**
- **Revenue tertinggi sepanjang sejarah**: **$161.4 juta** (naik **50% YoY**), mengalahkan estimasi Wall Street ($159.79 juta).
- **Rugi bersih $296K**, turun **240%** dibandingkan laba $211K di Q1 2024.
- **Biaya mining melonjak 90%** jadi **$43,808 per BTC** (vs $23,034 tahun lalu).
- **Produksi BTC naik 166 koin** dibanding 2024 (≈ $16.13 juta di harga saat ini).
- **Holding BTC**: **19,223 BTC** (≈ **$1.86 miliar**).

---

### **🔍 Penyebab Rugi & Tantangan:**
🔴 **Bitcoin Halving (April 2024)** → Penghasilan mining turun.
🔴 **Hashrate global naik 41%** → Kompetisi mining lebih ketat.
🟢 **Ekspansi fasilitas** → Riot pakai **$100M pinjaman dari Coinbase (dijamin BTC)**.

---

### **📈 Reaksi Pasar:**
- **Saham RIOT naik 7.32%** (ditutup di **$7.77**).
- **Harga BTC stabil di ~$97K** → Pendapatan mining masih menguntungkan long-term.

---

### **💡 Apa Artinya untuk Investor?**
✅ **Positif**: Revenue tumbuh, ekspansi terus berjalan.
⚠️ **Risiko**: Biaya operasional tinggi bisa tekan profitabilitas jika harga BTC turun.

**#RiotPlatforms #Bitcoinmining #BTC走势分析 #CryptoStocks ** ⛏️💰

💬 **Bagaimana prediksimu?** Apakah Riot bisa balik profit di Q2? Komen di bawah! 👇
Dec 10, 2024
📣 #Riot  Platforms Follows #MicroStrategy  with a $500 Million #Bitcoin  Funding Plan! #RiotPlatforms  is making waves in the #crypto world by unveiling a massive $500 million Bitcoin financing initiative, echoing MicroStrategy's bold strategy.  👀 Is this the start of a new institutional Bitcoin accumulation race? 👉 Stay tuned for updates on this game-changing development!
📣 #Riot  Platforms Follows #MicroStrategy  with a $500 Million #Bitcoin  Funding Plan!

#RiotPlatforms  is making waves in the #crypto world by unveiling a massive $500 million Bitcoin financing initiative, echoing MicroStrategy's bold strategy. 

👀 Is this the start of a new institutional Bitcoin accumulation race?

👉 Stay tuned for updates on this game-changing development!
Dec 16, 2024
Жоғары (өспелі)
JUST IN: #RiotPlatforms raised $594M through a 0.75% convertible bond issue, using proceeds to acquire 667 $BTC at an average price of $101,135. Riot now holds 17,429 BTC, valued at $1.8B.
JUST IN: #RiotPlatforms raised $594M through a 0.75% convertible bond issue, using proceeds to acquire 667 $BTC at an average price of $101,135.
Riot now holds 17,429 BTC, valued at $1.8B.
Dec 14, 2024
12月14日隔夜重要动态速览 21:00-7:00 热点关键词:#OpenAI 、#Vitalik 、#RiotPlatforms 1. 日本议员提议:建议建立国家比特币储备,推动数字货币战略升级; 2. Bit Global诉讼:针对Coinbase下架WBTC行为对其提起法律行动; 3. OpenAI创始人:据外媒报道,将向特朗普就职基金捐赠100万美元; 4. Vitalik与腾讯AI:展示利用腾讯混元大模型创作的AI视频,并给予高度评价; 5. Riot Platforms大手笔:以5.1亿美元购入5,117枚比特币,持续加码矿业布局; 6. VanEck发布预测:展望2025十大加密趋势,预计美国将通过战略储备拥抱比特币; 7. French Hill表态:将在立法会议前100天内推出全面加密市场结构法案; 8. 美众议院悬而未决:数字资产小组委员会主席席位竞争激烈,多名候选人浮出水面。
12月14日隔夜重要动态速览

21:00-7:00 热点关键词:#OpenAI #Vitalik #RiotPlatforms

1. 日本议员提议:建议建立国家比特币储备,推动数字货币战略升级;
2. Bit Global诉讼:针对Coinbase下架WBTC行为对其提起法律行动;
3. OpenAI创始人:据外媒报道,将向特朗普就职基金捐赠100万美元;
4. Vitalik与腾讯AI:展示利用腾讯混元大模型创作的AI视频,并给予高度评价;
5. Riot Platforms大手笔:以5.1亿美元购入5,117枚比特币,持续加码矿业布局;
6. VanEck发布预测:展望2025十大加密趋势,预计美国将通过战略储备拥抱比特币;
7. French Hill表态:将在立法会议前100天内推出全面加密市场结构法案;
8. 美众议院悬而未决:数字资产小组委员会主席席位竞争激烈,多名候选人浮出水面。
Dec 17, 2024
📉 U.S. crypto stocks drop in pre-market trading • Strategy: -4.00% • MARA Holdings: -3.69% • Riot Platforms: -3.37% 🔻 Risk sentiment cooling as crypto market retreats — watch for volatility in today’s U.S. session #CryptoStocks #MARA #RiotPlatforms #
📉 U.S. crypto stocks drop in pre-market trading
• Strategy: -4.00%
• MARA Holdings: -3.69%
• Riot Platforms: -3.37%
🔻 Risk sentiment cooling as crypto market retreats — watch for volatility in today’s U.S. session
#CryptoStocks #MARA #RiotPlatforms #
Riot Platforms Reports Record $376.7 Million Revenue in 2024 Amid Strategic ExpansionRiot Platforms, a leading Bitcoin mining company, has announced its financial results for the year ending December 31, 2024. The company achieved a record revenue of $376.7 million, a significant increase from $280.7 million in 2023. Net income also saw a substantial rise, reaching $109.4 million, a notable turnaround from the $49.4 million net loss reported in the previous year. This impressive performance is particularly noteworthy given the Bitcoin network's 'halving' event in April 2024 and a 67% increase in the global hash rate over the year. In 2024, Riot produced 4,828 bitcoins $BTC at an average direct cost of $32,216 per coin. The company's unique power strategy resulted in an all-in cost of power of 3.4 cents per kilowatt-hour across all facilities. Strategic initiatives, including the energization of the Corsicana Facility and acquisitions of Block Mining and E4A Solutions, have bolstered Riot's operational capacity. Additionally, the company raised $579 million through a convertible senior notes offering in December 2024, utilizing the proceeds to acquire an additional 5,784 bitcoins. This brought Riot's total holdings to 17,722 bitcoins by year-end, a 141% increase over the prior year. Looking ahead, Riot is exploring opportunities in the Artificial Intelligence and High-Performance Computing sectors for its power assets at the Corsicana Facility. With one gigawatt of overall capacity, including 600 megawatts of unutilized power, the company is engaging with potential partners to maximize the value of its assets. This strategic focus aims to position Riot at the forefront of technological advancements and operational efficiency in the evolving digital landscape. What are your thoughts on Riot Platforms' strategic expansion into AI and High-Performance Computing sectors? Source: Riot Platforms #RiotPlatforms #TraderProfile #SBF1stTweetIn2Yrs #MarketPullback #BTCDipOrRebound

Riot Platforms Reports Record $376.7 Million Revenue in 2024 Amid Strategic Expansion

Riot Platforms, a leading Bitcoin mining company, has announced its financial results for the year ending December 31, 2024. The company achieved a record revenue of $376.7 million, a significant increase from $280.7 million in 2023. Net income also saw a substantial rise, reaching $109.4 million, a notable turnaround from the $49.4 million net loss reported in the previous year. This impressive performance is particularly noteworthy given the Bitcoin network's 'halving' event in April 2024 and a 67% increase in the global hash rate over the year.
In 2024, Riot produced 4,828 bitcoins $BTC at an average direct cost of $32,216 per coin. The company's unique power strategy resulted in an all-in cost of power of 3.4 cents per kilowatt-hour across all facilities. Strategic initiatives, including the energization of the Corsicana Facility and acquisitions of Block Mining and E4A Solutions, have bolstered Riot's operational capacity. Additionally, the company raised $579 million through a convertible senior notes offering in December 2024, utilizing the proceeds to acquire an additional 5,784 bitcoins. This brought Riot's total holdings to 17,722 bitcoins by year-end, a 141% increase over the prior year.
Looking ahead, Riot is exploring opportunities in the Artificial Intelligence and High-Performance Computing sectors for its power assets at the Corsicana Facility. With one gigawatt of overall capacity, including 600 megawatts of unutilized power, the company is engaging with potential partners to maximize the value of its assets. This strategic focus aims to position Riot at the forefront of technological advancements and operational efficiency in the evolving digital landscape.
What are your thoughts on Riot Platforms' strategic expansion into AI and High-Performance Computing sectors?
Source: Riot Platforms
#RiotPlatforms #TraderProfile #SBF1stTweetIn2Yrs #MarketPullback #BTCDipOrRebound
⛏ Riot Platforms sells Bitcoin for the first time in over a year The mining company Riot Platforms has sold its mined bitcoin for the first time in more than a year. 💼 In April, the miner sold 475 BTC, generating approximately $38.8 million. "These sales reduce the need for equity fundraising through stock issuance," Riot explained. $BTC {spot}(BTCUSDT) #RiotPlatforms
⛏ Riot Platforms sells Bitcoin for the first time in over a year

The mining company Riot Platforms has sold its mined bitcoin for the first time in more than a year.

💼 In April, the miner sold 475 BTC, generating approximately $38.8 million.

"These sales reduce the need for equity fundraising through stock issuance," Riot explained.
$BTC
#RiotPlatforms
Dec 11, 2024
💰 Riot Platforms (@RiotPlatforms) 刚刚买了 705 $BTC($68.45M)!看来比特币的味道又香了!🍔 原来他们之前就计划发 5 亿美元的可转换高级票据,为啥?当然是为了疯狂买买买!💸 Riot:比特币我全都要!🐂 👉 https://intel.arkm.com/explorer/entity/riot-platforms #币圈动态 #比特币 #RiotPlatforms #链圈热点 #财富密码
💰 Riot Platforms (@RiotPlatforms) 刚刚买了 705 $BTC($68.45M)!看来比特币的味道又香了!🍔

原来他们之前就计划发 5 亿美元的可转换高级票据,为啥?当然是为了疯狂买买买!💸

Riot:比特币我全都要!🐂

👉 https://intel.arkm.com/explorer/entity/riot-platforms

#币圈动态 #比特币 #RiotPlatforms #链圈热点 #财富密码
Mar 3
Жоғары (өспелі)
شركة "Riot Platforms" تحقق أرباح في 2024 وتعوض خسائر 2023 سجلت شركة “Riot Platforms” إيرادات قياسية بلغت 376.7 مليون دولار في 2024، بزيادة 34% عن العام السابق، مما أدى إلى تحقيق صافي دخل 109.4 مليون دولار مقارنة بخسائر 49.4 مليون دولار في 2023. جاءت معظم الإيرادات من تعدين البيتكوين الذي حقق 321 مليون دولار، رغم انخفاض الإنتاج إلى 4828 BTC بسبب ارتفاع التكاليف وتأثير تقسيم مكافأة تعدين البيتكوين إلى النصف. ارتفعت تكلفة تعدين كل بيتكوين إلى 32,216 دولار بسبب زيادة المنافسة وانخفاض أرصدة الطاقة. واصلت الشركة توسعها من خلال الاستحواذ على “Block Mining” و”E4A Solutions”، كما عززت حيازاتها من البيتكوين إلى 17,722 بيتكوين بقيمة 1.65 مليار دولار. تتطلع “Riot” إلى دخول مجالات الذكاء الاصطناعي (AI) والحوسبة عالية الأداء (HPC) في 2025، خاصة عبر منشأة “كورسيكانا”، لدعم نموها المستقبلي. #RiotPlatforms #BlockMining #btc $BTC {future}(BTCUSDT) #AI
شركة "Riot Platforms" تحقق أرباح في 2024 وتعوض خسائر 2023
سجلت شركة “Riot Platforms” إيرادات قياسية بلغت 376.7 مليون دولار في 2024، بزيادة 34% عن العام السابق، مما أدى إلى تحقيق صافي دخل 109.4 مليون دولار مقارنة بخسائر 49.4 مليون دولار في 2023.

جاءت معظم الإيرادات من تعدين البيتكوين الذي حقق 321 مليون دولار، رغم انخفاض الإنتاج إلى 4828 BTC بسبب ارتفاع التكاليف وتأثير تقسيم مكافأة تعدين البيتكوين إلى النصف.

ارتفعت تكلفة تعدين كل بيتكوين إلى 32,216 دولار بسبب زيادة المنافسة وانخفاض أرصدة الطاقة.

واصلت الشركة توسعها من خلال الاستحواذ على “Block Mining” و”E4A Solutions”، كما عززت حيازاتها من البيتكوين إلى 17,722 بيتكوين بقيمة 1.65 مليار دولار.

تتطلع “Riot” إلى دخول مجالات الذكاء الاصطناعي (AI) والحوسبة عالية الأداء (HPC) في 2025، خاصة عبر منشأة “كورسيكانا”، لدعم نموها المستقبلي.
#RiotPlatforms #BlockMining #btc
$BTC
#AI
Dec 9, 2024
$BTC $ETH $XRP Despite announcing a strategic Bitcoin purchase plan, Riot Platforms’ shares fell nearly 10%. At the market opening on Dec. 9, the miner stock dropped by 7.1% to $12.03, reflecting a broader decline in crypto-related equities such as Coinbase, Marathon Digital, and CleanSpark, as reported by Yahoo Finance. #RiotPlatforms #RIOT
$BTC $ETH $XRP Despite announcing a strategic Bitcoin purchase plan, Riot Platforms’ shares fell nearly 10%. At the market opening on Dec. 9, the miner stock dropped by 7.1% to $12.03, reflecting a broader decline in crypto-related equities such as Coinbase, Marathon Digital, and CleanSpark, as reported by Yahoo Finance. #RiotPlatforms #RIOT
May 6
Төмен (кемімелі)
⚠️ 𝐀𝐫𝐤𝐡𝐚𝐦 𝐀𝐥𝐞𝐫𝐭: 𝐑𝐢𝐨𝐭 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬 𝐨𝐟𝐟𝐥𝐨𝐚𝐝𝐢𝐧𝐠 𝐁𝐓𝐂? In April, Riot sold 475 $BTC for $38.8M, moving the exact amount to NYDIG. 👀 Today, they moved another $6.7M worth of BTC to NYDIG. More selling on the horizon? With short-term holders dumping 47K BTC and funding rates flipping negative, this could add to the pressure on #Bitcoin. Keep your eyes on miner flows — they always move first. #BTC #bitcoin #arkham #RiotPlatforms #CryptoMarkets
⚠️ 𝐀𝐫𝐤𝐡𝐚𝐦 𝐀𝐥𝐞𝐫𝐭: 𝐑𝐢𝐨𝐭 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬 𝐨𝐟𝐟𝐥𝐨𝐚𝐝𝐢𝐧𝐠 𝐁𝐓𝐂?

In April, Riot sold 475 $BTC for $38.8M, moving the exact amount to NYDIG.

👀 Today, they moved another $6.7M worth of BTC to NYDIG.

More selling on the horizon?

With short-term holders dumping 47K BTC and funding rates flipping negative, this could add to the pressure on #Bitcoin.

Keep your eyes on miner flows — they always move first.

#BTC #bitcoin #arkham #RiotPlatforms #CryptoMarkets
Riot Platforms скоротила біткоїн-резерв💰 Американська майнінгова компанія Riot Platforms зменшила свої резерви BTC, продавши частину накопичених монет на тлі волатильності ринку та наближення халвінгу. Такі дії часто інтерпретуються як: 🔺спроба зафіксувати прибуток, 🔺перерозподіл ліквідності для покриття витрат (наприклад, на електроенергію чи обладнання), 🔺реакція на зміну прибутковості після халвінгу. 📊 Riot — одна з найбільших публічних майнінгових компаній США, і будь-які зміни в її стратегіях можуть впливати на ринкові очікування. #CryptoNews #Bitcoinmining #RiotPlatforms #BTC #Halving Підписуйтесь на MiningUpdates, щоб бути в курсі останніх новин майнінгу!

Riot Platforms скоротила біткоїн-резерв

💰 Американська майнінгова компанія Riot Platforms зменшила свої резерви BTC, продавши частину накопичених монет на тлі волатильності ринку та наближення халвінгу.
Такі дії часто інтерпретуються як:
🔺спроба зафіксувати прибуток,
🔺перерозподіл ліквідності для покриття витрат (наприклад, на електроенергію чи обладнання),
🔺реакція на зміну прибутковості після халвінгу.
📊 Riot — одна з найбільших публічних майнінгових компаній США, і будь-які зміни в її стратегіях можуть впливати на ринкові очікування.
#CryptoNews #Bitcoinmining #RiotPlatforms #BTC #Halving
Підписуйтесь на MiningUpdates, щоб бути в курсі останніх новин майнінгу!
Dec 11, 2024
💸 #Lookonchain : On-chain data reveals that Riot Platforms has purchased 705 $BTC ($68.45M) within the last 3 hours. On Dec 9, Riot announced a private offering of $500 million in convertible senior notes, primarily aimed at #Bitcoin❗ acquisitions and general corporate purposes. #RiotPlatforms #Mining
💸 #Lookonchain : On-chain data reveals that Riot Platforms has purchased 705 $BTC ($68.45M) within the last 3 hours.

On Dec 9, Riot announced a private offering of $500 million in convertible senior notes, primarily aimed at #Bitcoin❗ acquisitions and general corporate purposes.

#RiotPlatforms #Mining
🚨🚨 #RiotPlatforms 🚨🚨 ❓ Question: 🤔💰 How did Riot Platforms perform financially in 2024? 📊🚀 🔹 Key Points: 📈 Record Annual Revenue: Riot Platforms reported a total revenue of $376.7 million 💵 for 2024, marking a 34.2% increase 📊 compared to 2023. 🚀💰 💎 Massive Profit Turnaround: The company achieved a net income of $109.4 million 🏆, bouncing back from a net loss of $49.4 million ❌💸 in 2023. 📊 Third Quarter Performance: 💲 Revenue: $84.8 million, with $67.5 million from Bitcoin mining 🏗️🖥️. 📉 Net Loss: $(154.4) million ❌, impacted by reduced power credits ⚡ and rising costs 💡. 🔗 More details here. ⚡ Hash Rate Expansion: Riot’s self-mining hash rate surged to 28 EH/s 🚀, a 159% increase from last year! 🔥💻 📉 Revised Projections: Due to delays ⏳, the year-end hash rate target was adjusted to 34.9 EH/s 📉 (down from 36.3 EH/s 📊). 📉 Stock Performance: As of February 25, 2025, Riot's stock (RIOT) is trading at $9.99 📉, reflecting a 4.59% drop 📉📉.
🚨🚨 #RiotPlatforms 🚨🚨
❓ Question:

🤔💰 How did Riot Platforms perform financially in 2024? 📊🚀

🔹 Key Points:

📈 Record Annual Revenue: Riot Platforms reported a total revenue of $376.7 million 💵 for 2024, marking a 34.2% increase 📊 compared to 2023. 🚀💰

💎 Massive Profit Turnaround: The company achieved a net income of $109.4 million 🏆, bouncing back from a net loss of $49.4 million ❌💸 in 2023.

📊 Third Quarter Performance:

💲 Revenue: $84.8 million, with $67.5 million from Bitcoin mining 🏗️🖥️.

📉 Net Loss: $(154.4) million ❌, impacted by reduced power credits ⚡ and rising costs 💡.

🔗 More details here.

⚡ Hash Rate Expansion: Riot’s self-mining hash rate surged to 28 EH/s 🚀, a 159% increase from last year! 🔥💻

📉 Revised Projections: Due to delays ⏳, the year-end hash rate target was adjusted to 34.9 EH/s 📉 (down from 36.3 EH/s 📊).

📉 Stock Performance: As of February 25, 2025, Riot's stock (RIOT) is trading at $9.99 📉, reflecting a 4.59% drop 📉📉.
🚨 Riot Platforms Expands! 🚨 $BTC mining giant Riot Platforms (Nasdaq: RIOT) is making moves! Its subsidiary Whinstone has signed a $185M deal to acquire assets from Rhodium Encore LLC at the Rockdale mining site. 🔹 Deal Breakdown: 💰 $129.9M in cash 🔁 $49M in Riot shares ⚡ $6.1M power deposit return ✅ Includes all ASIC miners & tangible assets ✅ All lawsuits withdrawn between both parties This comes after Rhodium’s Chapter 11 bankruptcy & recent asset sales. Big shake-up in the mining industry! 🚀 #BTC #CryptoMining #RiotPlatforms #BlockchainNews #RamadanGiveaway
🚨 Riot Platforms Expands! 🚨

$BTC mining giant Riot Platforms (Nasdaq: RIOT) is making moves! Its subsidiary Whinstone has signed a $185M deal to acquire assets from Rhodium Encore LLC at the Rockdale mining site.

🔹 Deal Breakdown:
💰 $129.9M in cash
🔁 $49M in Riot shares
⚡ $6.1M power deposit return

✅ Includes all ASIC miners & tangible assets
✅ All lawsuits withdrawn between both parties

This comes after Rhodium’s Chapter 11 bankruptcy & recent asset sales. Big shake-up in the mining industry! 🚀

#BTC #CryptoMining #RiotPlatforms #BlockchainNews #RamadanGiveaway
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