Riot Announces the Acquisition of Block Mining - Expands Riot's Total Potential Power Capacity To 2 Gigawatts
Riot Platforms(RIOT) Prnewswire·2024-07-23 20:45
Acquisition adds 60 Megawatts ("MW") of current operational capacity with the potential to quickly expand to 110 MW this year under existing agreements, and a pipeline to build to over 300 MW in Kentucky Transaction immediately adds 1 EH/s to Riot's existing self-mining hash rate with a potential to add up to a total of 16 EH/s by the end of 2025 Expands Riot's operating footprint into Kentucky with an experienced on-the-ground management team Block Mining is a vertically integrated Bitcoin miner consisting ...