CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-05-27 12:01:20

Riot Blockchain stock gains 3% after completing Whinstone US buy

Riot Blockchain (RIOT) climbs 3.0% in premarket trading after it completes its previously announced acquisition of Whinstone US from Northern Data.The company paid 11.8M shares of Riot stock and $80M in cash, funded with cash on its balance sheet.Riot plans to immediately start further development of additional facilities at Whinstone to bring the property to its current capacity of 750 MW. With the capacity expansion, the company intends to send its future committed miner order deliveries to Whinstone, which will allow Riot to capture synergies, including lower direct energy costs and operational costs.Starting in early 2020, Whinstone built the largest bitcoin hosting facility in North America, as measured by developed capacity, Riot said.Conference call at 8:30 AM ET.Bitcoin (BTC-USD) is holding relatively stable at ~$39.8K.

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约