Bitcoin Miner Riot Scoops Small Kentucky Rival for $92 Million as Sector Sags – Decrypt
Riot Platforms announced on Tuesday that it has acquired Kentucky-based Block Mining Corp. for $92.5 million as headwinds faced by small-scale bitcoin miners continue to pose challenges for the industry. Terms of the agreement include $18.5 million in cash and $74 million in Riot common stock, with the possibility of additional payments based on performance […]