Block Mining acquisition closed
Company: Riot
The claim, verbatim
Riot has acquired Kentucky-based Bitcoin miner Block Mining, Inc. for total consideration at closing of $92.5 million, paid as $18.5 million in cash plus $74 million of Riot common stock.
Source (primary)
riot 8-K exhibit (riot-20240723xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-01)Live source ↗
Quote: “it has acquired Block Mining, Inc. ( “ Block Mining ” ), a Kentucky-based vertically integrated Bitcoin miner, for total consideration at closing of $92.5 million. Riot paid the purchase price through $18.5 million of cash from its balance sheet plus $74 million of Riot common stock.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms riot 8-K exhibit (riot-20240723xex99d1.htm)
Quote: “it has acquired Block Mining, Inc. ( “ Block Mining ” ), a Kentucky-based vertically integrated Bitcoin miner, for total consideration at closing of $92.5 million. Riot paid the purchase price through $18.5 million of cash from its balance sheet plus $74 million of Riot common stock.”