Riot Platforms Secures Full Rockdale Control After $185M Rhodium Deal

🛠️ Riot Platforms Goes All-In: Full Rockdale Takeover Secured

Big moves are happening in Bitcoin mining — and Riot Platforms just made one of the biggest yet.

On April 28, 2025, Riot officially closed a $185 million deal to acquire Rhodium’s stake at the massive Rockdale mining facility in Texas, securing 100% control over one of the largest crypto mining operations in North America.

⚡ Why This Matters

Before this deal, Riot was stuck in an expensive hosting agreement with Rhodium — bleeding over $15 million in losses during 2024 alone.

Now?
✅ Full ownership of 700 megawatts of power capacity
✅ No more costly legacy contracts
✅ No more legal drama with Rhodium

CEO Jason Les called it "a major milestone" that simplifies operations and unlocks serious mining scale.

📊 Deal Breakdown

Here’s how the $185M package shakes out:

• 💵 $129.9M in cash
• 🔁 $6.1M refunded from Rhodium’s security deposit
• 📈 $49M in newly issued Riot shares

In exchange, Riot scored:

• 🚀 125 megawatts of added mining capacity
• 🖥️ Full ownership of Rhodium’s ASIC miners and property at Rockdale
• 🧹 A clean slate — all litigation between the companies has been dropped

🚀 What’s Next for Riot?

With total control over Rockdale, Riot’s plans are clear:

• Maximize mining efficiency across all 700MW of infrastructure
• Boost Bitcoin production to ride post-halving volatility
• Strengthen its position as a mining heavyweight amid tightening competition

This consolidation couldn’t come at a better time:
After the 2024 Bitcoin halving, efficiency, cheap energy, and scale are now the holy trinity of successful mining.

🌎 The Bigger Picture: Mining Wars Are Heating Up

As energy prices swing and Bitcoin rewards tighten, owning massive, low-cost mining operations like Rockdale is becoming a survival advantage — not just a flex.

Riot's Rockdale takeover sends a clear message:
In the next phase of Bitcoin mining, scale isn’t optional — it’s everything.

🧠 TL;DR: Riot Just Leveled Up

• 💥 Full control of Rockdale = No more hostages to old contracts
• 💰 Better margins + bigger hash power = stronger post-halving strategy
• 🛡️ Clean legal record = focused on growth, not distractions

Riot Platforms just went from sharing to owning — and it’s playing for keeps.