Acquiring Company
Riot Platforms
Acquired Company
Rhodium Encore
Castle RockOtherInformation TechnologyBlockchainCryptocurrencyMiningDescription
Riot Platforms, Inc.'s subsidiary, Whinstone US, Inc., has entered into a non-binding term sheet to acquire certain assets from Rhodium Encore LLC at the Rockdale Facility. The proposed transaction involves total consideration of $185 million, including both cash and shares. This acquisition will allow Riot to enhance its Bitcoin mining operations at the Rockdale Facility.
Quick answer
Riot Platforms is acquiring Rhodium Encore, announced March 21, 2025. Riot Platforms is based in Castle Rock, Colorado, United States.
- How much did Riot Platforms pay for Rhodium Encore?
- The deal value was not disclosed.
- Where are Riot Platforms and Rhodium Encore based?
- Riot Platforms is based in Castle Rock, Colorado, United States.
- Who are the decision-makers at Riot Platforms?
- Fundz holds 3 contacts at Riot Platforms. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Blockchain and Cryptocurrency
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- MoonPay acquires Iron to enhance stablecoin services (March 13, 2025)
- DeFi Technologies signs binding LOI with CoreFi Strategy and Orinswift Ventures, secures US$20M CORE token commitment from the Core Foundation (February 4, 2025)
- Riot Platforms acquires Rhodium assets in settlement (April 28, 2025)
- Riot to acquire Rhodium Encore assets for $185M, $185M (April 8, 2025)
- Riot Platforms to acquire Rhodium assets (March 22, 2025)
- MIH East Holdings to acquire International Stock Exchange (March 19, 2025)
Who to call at Riot Platforms, and when
When Riot Platforms changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Riot Platforms raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Riot Platforms, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Rhodium Encore?
Rhodium Encore was acquired by Riot Platforms, based in Castle Rock. The deal was reported on March 21, 2025. Riot Platforms is publicly traded (RIOT) and operates in Other.
When did Riot Platforms acquire Rhodium Encore?
Riot Platforms's acquisition of Rhodium Encore was reported on March 21, 2025. Riot Platforms, Inc.'s subsidiary, Whinstone US, Inc., has entered into a non-binding term sheet to acquire certain assets from Rhodium Encore LLC at the Rockdale Facility. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Rhodium Encore do?
Rhodium Encore LLC is involved in cryptocurrency mining operations. The company has undergone recent financial difficulties, leading to its bankruptcy filing, and is in the process of selling its assets. It is privately held, operating in Blockchain.
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