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Riot Platforms | 8-K: Riot Platforms Announces Completion of Block Mining Acquisition

Riot Platforms | 8-K: Riot Platforms Announces Completion of Block Mining Acquisition

Riot Platforms | 8-K:Riot Platforms宣佈完成對Block Mining的收購
美股SEC公告 ·  07/23 16:55

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On July 23, 2024, Riot Platforms, Inc., a leading Bitcoin mining company, announced the acquisition of Kentucky-based Block Mining, Inc., a vertically-integrated Bitcoin miner, for a total closing consideration of $92.5 million. The deal includes $18.5 million in cash and 7,240,623 shares of Riot's common stock, valued at $10.22 per share based on the volume-weighted average price as of July 18, 2024. Additionally, Block Mining may receive up to $32.5 million in earn-out payments subject to achieving certain milestones related to power capacity expansion for Bitcoin mining in Kentucky for 2024 and 2025. The acquisition immediately adds 1 EH/s to Riot's self-mining hash rate with the potential to reach up to 16 EH/s by the end of 2025. This strategic move expands Riot's operational footprint into Kentucky, diversifies its operations into new energy markets, and brings an experienced management team onboard. The transaction is expected to accelerate Riot's growth and enhance its path towards a 100 EH/s growth target. Details of the acquisition can be found in the investor presentation on Riot's website.
On July 23, 2024, Riot Platforms, Inc., a leading Bitcoin mining company, announced the acquisition of Kentucky-based Block Mining, Inc., a vertically-integrated Bitcoin miner, for a total closing consideration of $92.5 million. The deal includes $18.5 million in cash and 7,240,623 shares of Riot's common stock, valued at $10.22 per share based on the volume-weighted average price as of July 18, 2024. Additionally, Block Mining may receive up to $32.5 million in earn-out payments subject to achieving certain milestones related to power capacity expansion for Bitcoin mining in Kentucky for 2024 and 2025. The acquisition immediately adds 1 EH/s to Riot's self-mining hash rate with the potential to reach up to 16 EH/s by the end of 2025. This strategic move expands Riot's operational footprint into Kentucky, diversifies its operations into new energy markets, and brings an experienced management team onboard. The transaction is expected to accelerate Riot's growth and enhance its path towards a 100 EH/s growth target. Details of the acquisition can be found in the investor presentation on Riot's website.
2024年7月23日,領先的比特幣礦業公司Riot Platforms宣佈,以總交易價值9250萬美元的價格收購位於肯塔基州的整合比特幣採礦公司Block Mining。交易包括現金1850萬美元和7240623股Riot普通股,根據2024年7月18日成交日成交量加權平均價格每股10.22美元估值。此外,Block Mining還可以獲得高達3250萬美元的業績支付槓桿,前提是達成與2024年和2025年肯塔基比特幣挖礦所需能力擴展相關的某些里程碑。此次收購立即將1 EH/s的自主挖礦算力增加到Riot身上,最終可於2025年底達到16 EH/s。這一戰略舉措將Riot的業務版圖擴展到肯塔基州,將其業務多元化到新能源市場,並引入有經驗的管理團隊。預計交易將加速Riot的增長並加強其達到100 EH/s增長目標的路徑。有關收購的詳細信息可在Riot網站的投資者演示中找到。
2024年7月23日,領先的比特幣礦業公司Riot Platforms宣佈,以總交易價值9250萬美元的價格收購位於肯塔基州的整合比特幣採礦公司Block Mining。交易包括現金1850萬美元和7240623股Riot普通股,根據2024年7月18日成交日成交量加權平均價格每股10.22美元估值。此外,Block Mining還可以獲得高達3250萬美元的業績支付槓桿,前提是達成與2024年和2025年肯塔基比特幣挖礦所需能力擴展相關的某些里程碑。此次收購立即將1 EH/s的自主挖礦算力增加到Riot身上,最終可於2025年底達到16 EH/s。這一戰略舉措將Riot的業務版圖擴展到肯塔基州,將其業務多元化到新能源市場,並引入有經驗的管理團隊。預計交易將加速Riot的增長並加強其達到100 EH/s增長目標的路徑。有關收購的詳細信息可在Riot網站的投資者演示中找到。
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