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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