Acquiring Company
Riot Platforms
Acquired Company
Rhodium Encore
Castle RockOtherInformation TechnologyBlockchainCryptocurrencyMiningDescription
Riot Platforms, Inc. announced it has entered a non-binding term sheet to acquire specific assets from bankrupt Rhodium Encore LLC. The deal involves a total payment of $180 million, including cash and shares. Upon completion, Riot will take ownership of the Rockdale facility and its assets. The transaction is subject to Bankruptcy Court approval.
Quick answer
Riot Platforms is acquiring Rhodium Encore, announced March 22, 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)
- Riot Platforms acquires Rhodium assets in settlement (April 28, 2025)
- Riot to acquire Rhodium Encore assets for $185M, $185M (April 8, 2025)
- Whinstone US to acquire Rhodium's Rockdale assets (March 21, 2025)
- MIH East Holdings to acquire International Stock Exchange (March 19, 2025)
- HIVE Digital Technologies acquires Bitfarms' Yguazú site (March 18, 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 22, 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 22, 2025. Riot Platforms, Inc. announced it has entered a non-binding term sheet to acquire specific assets from bankrupt Rhodium Encore LLC. The deal involves a total payment of $180 million, including cash and shares. 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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