ChainCatcher news, Nasdaq-listed Bitcoin mining company Riot Platforms, Inc. announced that it has signed a non-binding term sheet for its wholly-owned subsidiary Whinstone to potentially acquire certain assets of Bitcoin mining company Rhodium Encore LLC at the Rockdale facility.According to the terms, Whinstone will provide a total consideration of $185 million to Rhodium, including $129.9 million in cash, a refund of Rhodium's power deposit of $6.1 million, and $49 million worth of Riot shares. In return, Rhodium will transfer ownership of all tangible assets located at the Rockdale facility, including all ASIC miners. Whinstone and Rhodium will also each withdraw all existing lawsuits, including appeals, and waive all future claims unrelated to the completion of the transaction.

ChainCatcher news, Riot Platforms Vice President of Research Pierre Rochard stated that Bitcoin price fluctuations can be quite severe, but these fluctuations do not stem from inherent structural flaws within Bitcoin itself. As an asset, Bitcoin's fundamentals—limited supply, censorship-resistant transactions, and global accessibility—are not affected by short-term market cycles.

ChainCatcher message, Riot Platforms Vice President Pierre Rochard tweeted, "When countries hold large positions in Bitcoin and a small basket of their own domestic cryptocurrencies, the new world reserve currency defaults to Bitcoin. Very few people understand this."

ChainCatcher news, Bitcoin mining company Riot Platforms announced the appointment of three new directors aimed at exploring potential opportunities in the fields of artificial intelligence (AI) and high-performance computing (HPC). The new directors include former Oxford Properties President Michael Turner, former Hut 8 Mining CEO Jaime Leverton, and data center development expert Doug Mouton, who has worked at Microsoft and Meta.Riot plans to utilize its Corsicana facility in Texas for AI workloads and has hired investment banks Evercore and Northland Capital Markets to assist with the transformation. This move aligns with industry trends, as Bitcoin mining companies are seeking to develop new revenue streams, such as hosting AI servers, in the context of rising energy costs and decreasing mining rewards. According to previous reports, Riot's competitor Core Scientific has been building AI infrastructure since 2019.

ChainCatcher news, mining company Riot Platforms mined 527 bitcoins in January, a month-on-month increase of 2%, marking the highest monthly output since December 2023.In contrast, other major mining companies generally experienced a decline in output, with Marathon down 13% to 750 coins, and CleanSpark down 6% to 626 coins.

ChainCatcher news, Riot Platforms Vice President of Research Pierre Rochard pointed out that the biggest obstacle to the Bitcoin Strategic Reserve (SBR) plan does not come from the Federal Reserve, the Treasury, banks, or Elizabeth Warren, but from Ripple/XRP. Ripple is spending millions of dollars on lobbying efforts to try to obstruct the advancement of the U.S. Bitcoin Strategic Reserve (SBR) plan.Ripple CEO Brad Garlinghouse countered that the company's actions are actually increasing the likelihood of implementing a strategic reserve that includes Bitcoin, aligning with Trump's campaign promise to support American businesses and technology. Pierre questioned whether Garlinghouse himself genuinely holds XRP, implying that he is only selling the tokens. Pierre also pointed out that Ripple had previously targeted the Bitcoin mining industry during the Biden administration using similar tactics, aiming to promote a CBDC based on its platform.

ChainCatcher news, U.S. stock market opens, Dow Jones rises by 0.36%, S&P 500 index rises by 0.47%, Nasdaq rises by 0.53%. The day after Trump's inauguration, Trump Media & Technology Group (DJT.O) falls by 6.58%, Tesla (TSLA.O) rises by 0.72%.In terms of cryptocurrency concept stocks, Coinbase rises by 1.79%, MicroStrategy falls by 0.53%, Riot Platforms rises by 6.87%.

ChainCatcher news, Riot Platforms announced that it mined 516 bitcoins in December 2024, an increase of 4% compared to the previous month.Riot CEO Jason Les stated that the first 400MW development phase of the Corsicana facility has completed the installation of all systems and the deployment of mining machines. Although the systems have been installed, the company is adopting a phased commissioning approach to ensure the quality of power supply to the grid.

ChainCatcher news, according to Trader T's monitoring, the U.S. stock market's crypto sector is experiencing a widespread decline before the market opens today:MICROSTRATEGY: -2.1%ISHARES BITCOIN TRUST: -0.9%COINBASE GLOBAL: -1.3%RIOT PLATFORMS: -1.4%CLEANSPARK: -0.8%MARA HOLDINGS: -1.2%

ChainCatcher news, according to Trader T's monitoring, U.S. crypto stocks are falling before the market opens: MicroStrategy down 1.4%, iShares Bitcoin Trust down 2.4%, Coinbase down 1.6%, Riot Platforms down 2.4%, CleanSpark down 1%, Marathon Digital down 1.9%.

ChainCatcher news, Bitcoin mining company Riot Platforms announced the completion of a $594.4 million convertible senior note offering. After deducting the initial purchaser's discount and commissions as well as the estimated offering expenses payable by Riot, the net proceeds from the issuance of the 2030 notes are approximately $579.2 million. Riot has used a significant portion of the net proceeds from this offering to purchase additional Bitcoin.

ChainCatcher news, according to official sources, Nasdaq-listed Bitcoin mining company Riot Platforms purchased approximately 667 Bitcoins between December 12 and 13, valued at around 67.5 million dollars.As of now, Riot Platforms' Bitcoin holdings have reached 17,429 BTC, which is currently valued at 1.8 billion dollars based on the current market price of BTC at 103,873 dollars.

ChainCatcher news, according to market news, Bitcoin mining company Riot Platforms announced an increase of 5117 BTC for 510 million USD, bringing the total holdings to 16,728 BTC. Based on the current market price of BTC at 100,303 USD, the current value is approximately 1.68 billion USD.

ChainCatcher news, according to Aggr News, RIOT Platforms announced the purchase of 5.1 million dollars worth of 5,117 bitcoins, bringing its total holdings to 16,728 bitcoins.

ChainCatcher news, citing sources from The Wall Street Journal, reports that the American hedge fund Starboard Value has acquired a stake in Riot Platforms, with specific shareholding details unclear, and is pushing the company to improve its business model.According to reports, Starboard has been urging Riot to convert some of its Bitcoin mining sites into data centers to host machines for large tech companies, providing high-performance computing (HPC).Riot is currently a "pure" Bitcoin miner, with its revenue solely coming from Bitcoin mining, while some of its peers, such as Core Scientific (CORZ), utilize a significant portion of their facilities for HPC and artificial intelligence computing.

ChainCatcher news, according to Cryptoslate, documents submitted by Bitcoin mining company Riot Platforms to the U.S. Securities and Exchange Commission (SEC) show that the company has successfully completed a $525 million issuance of senior notes. These notes, which mature in 2030, have an interest rate of 0.75% and were privately issued to institutional investors.The terms of the notes stipulate that starting in 2029, investors have the right to convert them into Riot's common stock, and under specific conditions outlined in the issuance terms, investors may also convert early. The proceeds will primarily be used to advance the company's Bitcoin acquisition strategy and further expand its holdings.

ChainCatcher news, according to Lookonchain monitoring, Nasdaq-listed Bitcoin mining company Riot Platforms has acquired 705 BTC in the past 3 hours, worth approximately 68.45 million USD.Previously, it was reported that Bitcoin mining company Riot Platforms plans to privately issue 500 million USD in convertible senior notes for purposes including Bitcoin acquisitions.

ChainCatcher news, according to Trader T's monitoring, the U.S. stock market's cryptocurrency sector is up before the market opens today:MICROSTRATEGY: +2.9%ISHARES BITCOIN TRUST: +1.8%COINBASE GLOBAL: +2.3%RIOT PLATFORMS: +1.96%CLEANSPARK: +3.5%MARA HOLDINGS: +2.2%

ChainCatcher news, Nasdaq-listed Bitcoin mining company Riot Platforms disclosed data on the X platform, stating that as of November 30, 2024, it holds 11,425 Bitcoins, worth over $1 billion.In previous news, Riot Platforms announced yesterday its plan to raise $500 million through the issuance of convertible senior notes. The company intends to use the net proceeds from this offering to purchase additional Bitcoins and for general corporate purposes.