---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-009976"
form_type: "8-K"
ticker: "RIOT"
cik: "0001167419"
company_name: "Riot Platforms, Inc."
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T17:48:55.313670+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-009976
- form_type: 8-K
- ticker: RIOT
- cik: 0001167419
- company_name: Riot Platforms, Inc.
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1167419/000155837024009976/0001558370-24-009976-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1167419/000155837024009976/riot-20240723x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-009976
- JSON: https://secwatch.observer/filing/0001558370-24-009976.json
- Plain text: https://secwatch.observer/filing/0001558370-24-009976.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.