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Riot to Acquire Whinstone, Creating a US-Based Industry Leader in Bitcoin Mining

Riot to Acquire Whinstone, Creating a US-Based Industry Leader in Bitcoin Mining



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  1. tldr; Riot will acquire Whinstone US, Inc. for $80 million cash plus a fixed 11.8 million shares of Riot common stock, equal to an implied total transaction value of approximately $651 million based on Riot’s last closing price of $48.37. Riot will wholly own the largest Bitcoin mining facility in North America, with very low power costs, and one of the most talented development teams in the industry.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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