Riot Platforms completed the acquisition of Block Mining for $92.5m.

Riot Platforms, a Bitcoin mining and digital infrastructure company, completed the acquisition of Block Mining, a vertically integrated Bitcoin miner, for $92.5m. Riot paid the purchase price through $18.5 million of cash from its balance sheet plus $74 million of Riot common stock. "The acquisition of Block Mining marks a significant milestone for Riot as we continue to expand our growth pipeline. This transaction allows us to diversify our operations nationally and accelerate Block Mining's expansion in Kentucky," Jason Les, Riot CEO.