ChainCatcher news, JPMorgan stated in a research report that Riot Platform (RIOT) acquiring competitor Bitcoin miner Block Mining makes sense as it diversifies the company's power supply and increases its capacity to over 2 gigawatts (GW).After this acquisition, Riot will become the second-largest miner by capacity among publicly listed Bitcoin miners in the United States, and this deal is "the latest assessment of undeveloped power assets."

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.