Leading bitcoin mining company Riot Platforms announced today that it has successfully acquired Block Mining, a Bitcoin miner located in Kentucky, USA, for $92.5 million. This transaction aims to further expand Riot Platforms' global mining business scale. According to the statement released on Tuesday, this acquisition immediately added 60 megawatts of operational capacity, providing new growth points for Riot Platforms. Riot Platforms plans to further expand the two existing mines of Block Mining in the next two years and aims to achieve self-mining capacity of 110 megawatts by the end of 2024. This expansion will increase Riot Platforms' potential total power generation capacity to 2 gigawatts. The acquisition amount is composed of $18.5 million in cash and $74 million worth of Riot common stock. This transaction not only reflects Riot Platforms' commitment to continuous growth but also highlights the trend of integration within the bitcoin mining industry.