Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bitcoin mining company Riot Platforms acquires Block Mining for $92.5 million

Bitcoin mining company Riot Platforms acquires Block Mining for $92.5 million

CointimeCointime2024/07/24 06:25
By:Cointime

Bitcoin mining company Riot Platforms acquired Bitcoin miner Block Mining in Kentucky for $92.5 million to expand its mining business. In a statement released on Tuesday, Riot said that the acquisition would immediately add 60 megawatts of existing operational capacity. The company added: "Riot plans to further expand Block Mining's two sites, with the goal of achieving 110 megawatts of self-mining operational capacity by the end of 2024." This will bring Riot's total potential power generation capacity to 2,000 megawatts.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!