Riot Blockchain (RIOT), one of the leading US mining companies, has acquired electronic equipment provider ESS Metron for $25 million in cash and 715.41 Riot shares ($50 million in total), according to the press release.
Denver-based ESS Metron is a major supplier to Riot’s Whinstone facility in Texas. At the same time, to increase the production of bitcoin “highly engineered products and special product offers” provides.
Riot’s acquisition of ESS Metron critical infrastructure materials He said that it will help the installation of new miners because it provides
Jason Les, CEO of Riot:
ESS Metron’s relationships with leading electronics suppliers have significantly improved the company’s position in the supply chain.
said.
Riot is also dedicated to ESS Metron’s 200-megawatt expansion project.liquid cooling technology He said it helped him improve.
Riot Blockchain announced on November 3, 2021, that next year 7.7(EH/s)forecast of bitcoin mining processing power that it expects to 8.6(EH/s)Raised to . Liquid cooling technology has no effect on this development.