Riot Blockchain (RIOT) Produced 466 Bitcoins in November; Provides Operational Updates

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Riot Blockchain (RIOT) Acquires ESS Metron

December 1, 2021 9:23 AM EST

Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot, Riot Blockchain or the Company") today announced that it has acquired Ferrie Franzmann Industries, LLC (d/b/a ESS Metron) (ESS Metron). The total consideration payable in the transaction is valued at approximately $50 million, consisting of up to 715,413 shares of Riot common stock and $25 million in cash, funded with cash on the balance sheet.

ESS Metron is a leader with over sixty years of experience in designing and producing highly engineered electrical equipment solutions, many of which are mission-critical to successfully deploying Bitcoin mining operations at... More