JPMorgan stated that Riot Platforms' acquisition of Block Mining is meaningful

ChainCatcher news, JPMorgan stated in a research report that Riot Platform (RIOT) acquiring competitor Bitcoin miner Block Mining makes sense as it diversifies the company's power supply and increases its capacity to over 2 gigawatts (GW).

After this acquisition, Riot will become the second-largest miner by capacity among publicly listed Bitcoin miners in the United States, and this deal is "the latest assessment of undeveloped power assets."