Acquiring Company
Riot Platforms
Acquired Company
Rhodium Encore
Castle RockOtherInformation TechnologyBlockchainCryptocurrencyMiningDescription
Riot Platforms, Inc. has completed the acquisition of specific assets from Rhodium Encore LLC at the Rockdale Facility for a total of $185 million. This acquisition will terminate unprofitable contracts and enhances Riot's power capacity by integrating Rhodium's 125 MW assets. The deal includes cash, a return of a power security deposit, and shares of Riot common stock. Riot aims to maximize shareholder value with the newly acquired resources.
Quick answer
Riot Platforms is acquiring Rhodium Encore, announced April 28, 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.
- Miami International Holdings acquires TISE (June 6, 2025)
- Riot to acquire Rhodium Encore assets for $185M, $185M (April 8, 2025)
- Riot Platforms to acquire Rhodium assets (March 22, 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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Fundz sees it the moment Riot Platforms makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Rhodium Encore?
Rhodium Encore was acquired by Riot Platforms, based in Castle Rock. The deal was reported on April 28, 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 April 28, 2025. Riot Platforms, Inc. has completed the acquisition of specific assets from Rhodium Encore LLC at the Rockdale Facility for a total of $185 million. 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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