Riot Blockchain Acquires Whinstone US from Northern Data

May 26, 2021

Riot Blockchain completed its acquisition of Whinstone US from Northern Data, paying 11.8 million shares of Riot common stock and $80 million in cash. The deal brings North America’s largest Bitcoin mining and hosting facility in Rockdale, Texas under Riot’s control and positions Riot to expand the site to 750 MW to capture operational and energy-cost synergies.

Buyers
Riot Blockchain, Inc.
Targets
Whinstone US
Sellers
Northern Data
Industry
Infrastructure
Location
Texas, United States
Transaction Type
Buyout

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