With this acquisition, Riot now boasts a total potential power capacity of two gigawatts, bolstering its extensive Bitcoin mining operations.

Riot Platforms operates Bitcoin mining facilities in Texas and Kentucky, alongside electrical engineering operations in Denver and Houston, positioning itself as a leading Bitcoin-driven infrastructure platform.

The total consideration for the acquisition includes $129.9 million in cash, $6.1 million returned from Rhodium's power security deposit, and approximately $49 million in Riot common stock.

The Rockdale facility is particularly significant for Riot's Bitcoin mining operations, enhancing their capacity in Texas.

Riot Platforms, Inc. has successfully completed the acquisition of Rhodium's assets at the Rockdale Facility for $185 million, effectively terminating unprofitable contracts.

This acquisition enhances Riot's operational capabilities by providing an additional 125 MW of power capacity and control over all of Rhodium's ASIC miners.

The deal also resolves ongoing litigation between Riot and Rhodium, with both parties agreeing to dismiss existing lawsuits and forgo future claims.

CEO Jason Les emphasized that this transaction marks a significant milestone for Riot, as it eliminates a loss-making contract and improves operational efficiency.

Recently, Riot secured a $100 million credit facility with Coinbase, highlighting its strategic financial maneuvers within the cryptocurrency market.

As of April 28, 2025, Riot's stock was priced at $7.63, reflecting a 1.80% decrease for the day and a 25.27% decline since the start of the year.