Riot Platforms Powers Up: Eyes $185 Million Acquisition Deal To Boost Mining Capacity - Riot Platforms (NASDAQ:RIOT)

Riot Platforms Powers Up: Eyes $185 Million Acquisition Deal To Boost Mining Capacity - Riot Platforms (NASDAQ:RIOT)

Riot Platforms, Inc. (NASDAQ:RIOT) shares are trading higher premarket on Monday. On Friday, the company inked a non-binding term sheet outlining the potential acquisition of certain assets owned by Rhodium Encore LLC at Riot’s Rockdale Facility. The proposed transaction would be carried out by Whinstone US, Inc., or an affiliate, a wholly-owned Riot subsidiary. As per the deal, Whinstone will provide Rhodium with a total consideration of $185 m…