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Technology Stocks : Riot Blockchain, Inc. (RIOT)
RIOT 9.240-3.5%Sep 22 4:00 PM EDT

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From: The Ox4/19/2021 9:28:09 AM
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Riot Blockchain buys Texas data center for $650M from rival Northern Data

TECH 18 APRIL 2021

Steve Kaaru

Riot Blockchain (NASDAQ: RIOT) has announced that it’s set to purchase the largest BTC block reward mining center in the United States. It will now reportedly become the largest publicly-traded blockchain mining company globally.

Riot revealed in a press release that it has signed a definitive agreement to acquire Whinstone U.S Inc. from its rival Northern Data AG. It will pay $80 million in cash and $571 million in its common stock, equaling a total transaction value of $651 million.
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