Riot Platforms acquires Block Mining for $92.5 million

ChainCatcher news, reported by The Block, Bitcoin mining company Riot Platforms has acquired Kentucky-based Bitcoin miner Block Mining for $92.5 million.

Riot stated that this acquisition could add 60 megawatts of existing operational capacity. The transaction immediately increases Riot's existing self-mining hash rate by 1 EH/s, with the total hash rate potentially reaching 16 EH/s by the end of 2025.