M&A
confidence high
sentiment positive
materiality 0.75
Riot to acquire Rhodium assets at Rockdale for $185M; adds 125 MW power capacity
Riot Platforms, Inc.
- Total consideration of $185M: $129.9M cash, $49.0M in RIOT shares, and $6.1M deposit return.
- Rhodium will transfer all tangible property including ASIC miners and vacate within 3 business days.
- Riot will assume Rhodium's 125 MW power capacity, making entire Rockdale facility self-use.
- Transaction contingent on Bankruptcy Court approval under Rule 9019 and Section 363.
- Existing litigation between parties will be dismissed and claims released upon closing.