Riot Blockchain Acquires Whinstone – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Bitcoin mining is a enterprise that requires numerous energy to be put towards computing. Now, in a brand new acquisition that considerably adjustments the face of the follow in North America, bitcoin mining firm Riot Blockchain has announced a contract to accumulate Whinstone US, the proprietor of a significant internet hosting facility.

The whole transaction worth is to be $651 million, per the discharge, with $80 million to be paid in money with the rest within the type of 11.8 million shares of Riot frequent inventory. Whinstone’ facility affords 300 megawatts (MW) in developed bitcoin mining capability, and Riot believes this may be scaled to 450 MW.

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