Riot acquires Block Mining for $92.5M; adds 60 MW capacity, targets 16 EH/s by 2025

Riot Platforms, Inc.

Total consideration at close: $18.5M cash + $74M in Riot stock (based on 20-day VWAP of $10.22).
Earn-out up to $32.5M possible through 2025 subject to power purchase agreement milestones.
Adds 60 MW operational capacity in Kentucky, expandable to 110 MW by end of 2024 and over 300 MW pipeline.
Immediately adds 1 EH/s to self-mining hash rate with potential for 16 EH/s by end of 2025.
Diversifies Riot into MISO energy markets; Block Mining management team remains in place.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.