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Riot Blockchain Was Trading Higher

00:00:57

سعر الفيديو: 5 ریال اسبوعي

Riot Blockchain($RIOT@US), a Bitcoin miner, was trading higher Wednesday after the company announced the acquisition of ESS Metron for $50 million in cash and stock. ESS Metron designs and produces highly engineered electrical equipment solutions, many of which are mission-critical to successfully deploying Bitcoin mining operations at scale. ESS Metron is currently a key supplier to Riot Blockchain's Whinstone, Texas facility. Jason Les, CEO of Riot Blockchain, said that "The successful acquisition of ESS Metron marks yet another milestone in establishing Riot as a leader in Bitcoin mining. Riot’s strategic position across the electrical supply chain is significantly enhanced as the company will benefit from ESS Metron’s existing relationships with leading electrical suppliers globally." Riot Blockchain may also be trading higher with the price of Bitcoin and Ethereum. Riot Blockchain has traded as high as $79.50 and as low as $6.90 over a 52-week period. The stock was up 7.93% at $40.33.

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