Bitcoin Miner Riot Blockchain Buys Electrical Supplier ESS Metron For $50 Million
The electrical equipment provider is key to Riot’s bitcoin mining operations and will enable timely installation of miners after the transaction. Riot Blockchain has bought the electrical equipment provider ESS Metron. The deal is valued at $50 million, paid in 715,413 Riot common stock shares and $25 million in cash. Denver-based ESS Metron is a crucial supplier to Riot’s Whinstone, Texas, facility. Bitcoin miner Riot Blockchain has acquired electrical equipment solutions provider ESS Metron, according to a press release published Wednesday. The transaction is valued at about […]
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