Riot Platforms ( NASDAQ: RIOT ) entered term sheet for potential acquisition of specific assets of Rhodium Encore at Riot's Rockdale facility by Riot affiliate Whinstone US. Upon closing, Whinstone will provide $185M in total consideration to Rhodium, consisting of $129.9M in cash, $6.1M return of Rhodium's power security deposit, and $49M in Riot shares. Rhodium will transfer ownership of all tangible property located at the Rockdale Facility, including all ASIC miners. Each of Whinstone and Rhodium will also dismiss all existing litigation. More on Riot Platforms Riot Platforms' AI/HPC Ambitions Could Be Derailed Under A Bitcoin Collapse (Rating Downgrade) Riot Platforms: Cost Of Mining Bitcoin Close To $90K, Hamper Sustainable Profitability Riot Platforms, Inc. 2024 Q4 - Results - Earnings Call Presentation SA Charts: How did Bitcoin miners do in February? Crypto stocks extend swoon as bitcoin drops below $80K, ether under $2K
