• Riot Blockchain inks a deal to acquire the largest North American bitcoin hosting facility for $650 million

    3 days ago - By Business Insider

    The Whinstone bitcoin mining facility in Rockdale, Texas.
    Riot Blockchain, Inc.
    Riot Blockchain is set to acquire Whinstone, the largest North American bitcoin hosting facility.
    The transaction is valued at ~$650 million and includes $80 million in cash plus 11.8 million shares of RIOT.
    Riot also acquired 42,000 S19j Antminers from Bitmain increasing its bitcoin mining hash rate to 7.7 EH/s.
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    Riot Blockchain has signed a definitive agreement to acquire the largest North American bitcoin hosting facility, Whinstone...
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  • Riot Blockchain inks a deal to acquire the largest North American bitcoin hosting facility for $650 million

    Riot Blockchain inks a deal to acquire the largest North American bitcoin hosting facility for $650 million

    3 days ago - By Business Insider

    Summary List Placement Riot Blockchain has signed a definitive agreement to acquire the largest North American bitcoin hosting facility, Whinstone US, for $80 million cash plus a fixed 11.8 million shares of Riot common stock.
    The total transaction value as of the purchase based on Riot's last closing price of $48.37 was approximately $651 million.
    Whinstone is based in Rockdale, Texas on an 100-acre site that hosts Bitcoin mining customers in three buildings totaling 190,000 square feet. An additional 60,000 square foot building is under development as well.
    The mining facility hosts...
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