July 26, 2024 BY Elizabeth Anderson
Riot Platforms Acquires Block Mining After Bitfarms Poison Pill
Based on the acquisition agreement, Block Mining can also earn up to $32.5m “through the execution of additional power purchase agreements to add additional power capacity”. In its press release, Riot Platforms stated that this acquisition increases its hash rate, geographic footprint and access to energy markets outside of ERCOT (the Electric Reliability Council of…
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