🚨 Riot Platforms Expands! 🚨
$BTC mining giant Riot Platforms (Nasdaq: RIOT) is making moves! Its subsidiary Whinstone has signed a $185M deal to acquire assets from Rhodium Encore LLC at the Rockdale mining site.
🔹 Deal Breakdown:
💰 $129.9M in cash
🔁 $49M in Riot shares
⚡ $6.1M power deposit return
✅ Includes all ASIC miners & tangible assets
✅ All lawsuits withdrawn between both parties
This comes after Rhodium’s Chapter 11 bankruptcy & recent asset sales. Big shake-up in the mining industry! 🚀
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