An announcement from Riot Platforms (RIOT) is now available.
Riot Platforms, Inc. has completed the acquisition of Kentucky-based Block Mining, Inc., a Bitcoin mining company, for $92.5 million, combining cash and stock shares. The deal includes potential additional payments of up to $32.5 million if certain performance milestones are met. This strategic move allows Riot to expand its mining operations and signals confidence in the cryptocurrency market, despite the forward-looking statements in the report indicating potential risks and uncertainties that investors should consider.
See more data about RIOT stock on TipRanks’ Stock Analysis page.
