Riot Platforms (RIOT) Announces Acquisition of Block Mining

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Go back to Riot Platforms (RIOT) Announces Acquisition of Block Mining

Riot Announces the Acquisition of Block Mining - Expands Riot's Total Potential Power Capacity To 2 Gigawatts

July 23, 2024 4:45 PM EDT

Acquisition adds 60 Megawatts ("MW") of current operational capacity with the potential to quickly expand to 110 MW this year under existing agreements, and a pipeline to build to over 300 MW in KentuckyTransaction immediately adds 1 EH/s to Riot's existing self-mining hash rate with a potential to add up to a total of 16 EH/s by the end of 2025Expands Riot's operating footprint into Kentucky with an experienced on-the-ground management... More