Riot Purchases 31,500 Miners From MicroBT For $97.4M
Portfolio Pulse from Benzinga Newsdesk
Riot Blockchain, Inc. has acquired 31,500 miners from MicroBT for a total of $97.4 million, aiming to expand its mining capabilities.
February 27, 2024 | 2:01 pm
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Riot Blockchain, Inc. has significantly expanded its mining operations by purchasing 31,500 miners from MicroBT for $97.4 million.
This acquisition significantly enhances Riot Blockchain's mining capabilities, potentially increasing its future revenue from mining activities. The substantial investment in mining hardware could be viewed positively by investors, as it demonstrates the company's commitment to expanding its operations and potentially increasing its market share in the cryptocurrency mining sector.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100