News Explorer — Riot Platforms Acquires Block Mining in $92 Million Deal

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Jul 24, 7:13 am

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Riot Platforms Acquires Block Mining in $92 Million Deal

Riot Platforms has acquired Block Mining for $92.5 million, increasing its operational capacity by 60 MW. The acquisition allows Riot to enhance its total hash rate and solve complex mathematical problems faster, securing more Bitcoin rewards. Smaller miners have faced challenges due to rising energy costs and reduced profitability margins.

Riot Platforms has acquired Block Mining for $92.5 million, increasing its operational capacity by 60 MW. The acquisition allows Riot to enhance its total hash rate and solve complex mathematical problems faster, securing more Bitcoin rewards. Smaller miners have faced challenges due to rising energy costs and reduced profitability margins.

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