Bitcoin Miner Riot Blockchain Buys ESS Metron For $50 Million

Bitcoin Miner Riot Blockchain Buys ESS Metron For $50 Million



  • Riot Blockchain has purchased {the electrical} gear supplier ESS Metron.
  • The deal is valued at $50 million, paid in 715,413 Riot frequent inventory shares and $25 million in money.
  • Denver-based ESS Metron is an important provider to Riot’s Whinstone, Texas, facility.

Bitcoin miner Riot Blockchain has acquired electrical gear options supplier ESS Metron, based on a press release revealed Wednesday. The transaction is valued at about $50 million, and the fee might be made in 715,413 shares of Riot frequent inventory and $25 million in money.

“The profitable acquisition of ESS Metron marks yet one more milestone in establishing Riot as a pacesetter in Bitcoin mining,” Riot CEO Jason Les stated within the launch. “Riot’s strategic place throughout {the electrical} provide chain is considerably enhanced as the corporate will profit from ESS Metron’s current relationships with main electrical suppliers globally.”

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