Document Analysis NLP IA
FREQ, RAKE or TFIDF
Summary (IA Generated)
Riot Blockchain is continuing its Bitcoin (BTC) mining expansion efforts.
–based miner is set to purchase Whinstone US Inc, currently owned by Northern Data.
In its own announcement of the deal, Northern Data revealed that the Whinstone sale to Riot Blockchain will not negatively impact its earnings before interest, taxes, depreciation, and amortization.
Indeed, Cointelegraph recently reported that Riot Blockchain purchased 42,000 Antminer rigs from Bitmain for about $138 million.
The company’s efforts are indicative of the larger push by Bitcoin miners based in North America to challenge China’s BTC hash rate dominance.