Energy Acquisitions in Kentucky

Reliable Energy Partners, a propane distribution platform backed by Soundcore Capital Partners, has acquired Irvington Gas, a bulk-propane distributor headquartered in Irvington, Kentucky. The deal expands Reliable's operating footprint to six states as part of its buy-and-build strategy for residential and commercial propane distribution; terms were not disclosed.

Riot Platforms, Inc. acquired Kentucky-based Block Mining, Inc. for $92.5 million in a mix of cash and Riot common stock, with up to $32.5 million of additional earn-outs tied to future power purchase agreements. The deal adds 60 MW of operational capacity (with near-term expansion to ~110 MW and a pipeline to 300+ MW), immediately increases Riot's self-mining hash rate by ~1 EH/s, and expands Riot's geographic footprint into Kentucky.