US EditionRiot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement
- Riot Platforms has entered a non-binding term sheet to acquire assets from Rhodium at the Rockdale Facility, as announced on March 21, 2025.
- Whinstone US, a subsidiary of Riot, will provide $185 million to Rhodium in exchange for its assets, which includes cash and a return of a power deposit.
- Both parties will dismiss all existing litigation and settle all claims not related to the transaction, ensuring a mutual agreement is reached.
- The transaction is subject to approval by the Bankruptcy Court under Bankruptcy Rule 9019 and requires definitive agreements between the parties.
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The Billings Gazette+19 Reposted by 19 other sources
Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement
Non-Binding Term Sheet Outlines Proposed Acquisition of Rhodium Assets at the Rockdale Facility and Mutual Release of All Claims
·Billings, United States
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