{"id":828664,"date":"2025-03-21T18:14:53","date_gmt":"2025-03-21T22:14:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/"},"modified":"2025-03-21T18:14:53","modified_gmt":"2025-03-21T22:14:53","slug":"riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/","title":{"rendered":"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i>Non-Binding Term Sheet Outlines Proposed Acquisition of Rhodium Assets at the Rockdale Facility and Mutual Release of All Claims<\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">CASTLE ROCK, Colo.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 21, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Riot Platforms, Inc. (NASDAQ: RIOT) (&#8220;Riot&#8221; or &#8220;the Company&#8221;), an industry leader in vertically integrated <span>Bitcoin<\/span> mining, announced entry into a non-binding term sheet outlining terms of a potential acquisition (the &#8220;Term Sheet&#8221;) by Whinstone US, Inc., or an affiliate (&#8220;Whinstone&#8221;), a wholly-owned subsidiary of Riot, of specific assets owned by Rhodium Encore LLC (together with its affiliates, &#8220;Rhodium&#8221;) at Riot&#8217;s Rockdale Facility (the &#8220;Transaction&#8221;), and the filing of a motion to approve settlement under Federal Rule of Bankruptcy Procedure 9019 in Rhodium&#8217;s bankruptcy case.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2453283\/RIot_Logo___Blue_Logov1.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2453283\/RIot_Logo___Blue_Logov1.jpg\" title=\"Riot Logo (PRNewsfoto\/Riot Platforms, Inc.)\" alt=\"Riot Logo (PRNewsfoto\/Riot Platforms, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Based upon the terms outlined in the Term Sheet, upon closing of the Transaction, Whinstone (or an affiliate) will provide <span class=\"xn-money\">$185 million<\/span> in total consideration to Rhodium, consisting of: (i) <span class=\"xn-money\">$129.9 million<\/span> in cash, (ii) <span class=\"xn-money\">$6.1 million<\/span> return of Rhodium&#8217;s power security deposit, and (iii) <span class=\"xn-money\">$49.0 million<\/span> in Riot shares, which will be priced based on the last 10 trading days volume-weighted average price immediately prior to the closing of the Transaction. In exchange for the Transaction consideration, Rhodium will transfer ownership of all tangible property located at the Rockdale Facility, including all <span>ASIC<\/span> miners, and vacate the site within three business days following closing of the Transaction, whereupon Riot will immediately assume Rhodium&#8217;s 125 MW of power capacity and the existing operating assets at the Rockdale Facility, resulting in the entire Rockdale Facility power load being allocated to self-use. Each of Whinstone and Rhodium will also dismiss all existing litigation, including any appeals, and release any and all future claims not connected to the closing of the Transaction.<\/p>\n<p>The Transaction and settlement will be subject to, among other things, the approval of the Bankruptcy Court pursuant to Bankruptcy Rule 9019 and Bankruptcy Code section 363, and will require execution of definitive agreements between Whinstone and Rhodium. Riot will continue to provide further updates in due course.<\/p>\n<p>\n        <b>About Riot Platforms, Inc. <\/b>\n      <\/p>\n<p>Riot&#8217;s (NASDAQ: RIOT) vision is to be the world&#8217;s leading <span>Bitcoin<\/span>-driven infrastructure platform.<\/p>\n<p>Our mission is to positively impact the sectors, networks and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.<\/p>\n<p>Riot is a <span>Bitcoin<\/span> mining and digital infrastructure company focused on a vertically integrated strategy. The Company has <span>Bitcoin<\/span> mining operations in central <span class=\"xn-location\">Texas<\/span> and <span class=\"xn-location\">Kentucky<\/span>, and electrical switchgear engineering and fabrication operations in <span class=\"xn-location\">Denver, Colorado<\/span> and <span class=\"xn-location\">Houston, Texas<\/span>.<\/p>\n<p>For more information, visit <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4388235-1&amp;h=3782241128&amp;u=http%3A%2F%2Fwww.riotplatforms.com%2F&amp;a=www.riotplatforms.com\" target=\"_blank\" rel=\"nofollow\">www.riotplatforms.com<\/a><\/u>.<\/p>\n<p>\n        <b>Cautionary Statement Concerning Forward-Looking Statements<\/b>\n      <\/p>\n<p>Statements in this press release that are not historical facts are forward-looking statements that reflect management&#8217;s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;plans,&#8221; &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;will,&#8221; &#8220;potential,&#8221; &#8220;hope,&#8221; similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements relating to the Company&#8217;s development at its facility in <span class=\"xn-location\">Rockdale, Texas<\/span> and the Company&#8217;s plans, projections, objectives, expectations, and intentions about future events and trends that it believes may affect the Company&#8217;s financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation: the Bankruptcy Court&#8217;s approval of the Transaction; any delays in the bankruptcy process associated with closing the Transaction; the financial benefits and operational risks associated with the Transaction and whether the Company will be able to integrate and realize the benefits of the Transaction; the Company&#8217;s ability to realize benefits from its implementation of new strategies into its business, estimates of <span>Bitcoin<\/span> production; the occurrence of any event, change or other circumstances that could give rise to the termination of the Term Sheet entered into in accordance with the proposed Transaction; the possibility that the proposed Transaction will not be completed in the expected timeframe or at all; the risk of stockholder litigation and any other legal proceedings relating to the Transaction, including resulting expense; the risk that any announcements relating to the Transaction could have adverse effects on the market price of the Company&#8217;s common stock; or the failure of the Company to otherwise realize anticipated efficiencies and strategic and financial benefits from our business strategies. Detailed information regarding the factors identified by the Company&#8217;s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company&#8217;s filings with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;), including the risks, uncertainties and other factors discussed under the sections entitled &#8220;Risk Factors&#8221; and &#8220;Cautionary Note Regarding Forward-Looking Statements&#8221; of the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended <span class=\"xn-chron\">December 31, 2023<\/span>, as amended, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC&#8217;s website, <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow\">www.sec.gov<\/a>. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.<\/p>\n<p>\n        <b>Investor Contact<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Phil McPherson<\/span><br \/>\n        <br \/>303-794-2000 ext. 110<br \/><a href=\"mailto:IR@Riot.Inc\" target=\"_blank\" rel=\"nofollow\"><u>IR@Riot.Inc<\/u><\/a><\/p>\n<p>\n        <b>Media Contact <\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Alexis Brock<\/span><br \/>\n        <br \/>\n        <a href=\"mailto:PR@Riot.Inc\" target=\"_blank\" rel=\"nofollow\"><br \/>\n          <u>PR@Riot.Inc<\/u><br \/>\n        <\/a>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA46514&amp;sd=2025-03-21\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement-302408360.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement-302408360.html<\/a><\/p>\n<p>SOURCE  Riot Platforms, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA46514&amp;Transmission_Id=202503211811PR_NEWS_USPR_____LA46514&amp;DateId=20250321\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Non-Binding Term Sheet Outlines Proposed Acquisition of Rhodium Assets at the Rockdale Facility and Mutual Release of All Claims CASTLE ROCK, Colo. , March 21, 2025 \/PRNewswire\/ &#8212; Riot Platforms, Inc. (NASDAQ: RIOT) (&#8220;Riot&#8221; or &#8220;the Company&#8221;), an industry leader in vertically integrated Bitcoin mining, announced entry into a non-binding term sheet outlining terms of a potential acquisition (the &#8220;Term Sheet&#8221;) by Whinstone US, Inc., or an affiliate (&#8220;Whinstone&#8221;), a wholly-owned subsidiary of Riot, of specific assets owned by Rhodium Encore LLC (together with its affiliates, &#8220;Rhodium&#8221;) at Riot&#8217;s Rockdale Facility (the &#8220;Transaction&#8221;), and the filing of a motion to approve settlement under Federal Rule of Bankruptcy Procedure 9019 in Rhodium&#8217;s bankruptcy case. Based upon the terms outlined &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-828664","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Non-Binding Term Sheet Outlines Proposed Acquisition of Rhodium Assets at the Rockdale Facility and Mutual Release of All Claims CASTLE ROCK, Colo. , March 21, 2025 \/PRNewswire\/ &#8212; Riot Platforms, Inc. (NASDAQ: RIOT) (&#8220;Riot&#8221; or &#8220;the Company&#8221;), an industry leader in vertically integrated Bitcoin mining, announced entry into a non-binding term sheet outlining terms of a potential acquisition (the &#8220;Term Sheet&#8221;) by Whinstone US, Inc., or an affiliate (&#8220;Whinstone&#8221;), a wholly-owned subsidiary of Riot, of specific assets owned by Rhodium Encore LLC (together with its affiliates, &#8220;Rhodium&#8221;) at Riot&#8217;s Rockdale Facility (the &#8220;Transaction&#8221;), and the filing of a motion to approve settlement under Federal Rule of Bankruptcy Procedure 9019 in Rhodium&#8217;s bankruptcy case. Based upon the terms outlined &hellip; Continue reading &quot;Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-21T22:14:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2453283\/RIot_Logo___Blue_Logov1.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement\",\"datePublished\":\"2025-03-21T22:14:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/\"},\"wordCount\":1001,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2453283\\\/RIot_Logo___Blue_Logov1.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/\",\"name\":\"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2453283\\\/RIot_Logo___Blue_Logov1.jpg\",\"datePublished\":\"2025-03-21T22:14:53+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2453283\\\/RIot_Logo___Blue_Logov1.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2453283\\\/RIot_Logo___Blue_Logov1.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/","og_locale":"en_US","og_type":"article","og_title":"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement - Market Newsdesk","og_description":"PR Newswire Non-Binding Term Sheet Outlines Proposed Acquisition of Rhodium Assets at the Rockdale Facility and Mutual Release of All Claims CASTLE ROCK, Colo. , March 21, 2025 \/PRNewswire\/ &#8212; Riot Platforms, Inc. (NASDAQ: RIOT) (&#8220;Riot&#8221; or &#8220;the Company&#8221;), an industry leader in vertically integrated Bitcoin mining, announced entry into a non-binding term sheet outlining terms of a potential acquisition (the &#8220;Term Sheet&#8221;) by Whinstone US, Inc., or an affiliate (&#8220;Whinstone&#8221;), a wholly-owned subsidiary of Riot, of specific assets owned by Rhodium Encore LLC (together with its affiliates, &#8220;Rhodium&#8221;) at Riot&#8217;s Rockdale Facility (the &#8220;Transaction&#8221;), and the filing of a motion to approve settlement under Federal Rule of Bankruptcy Procedure 9019 in Rhodium&#8217;s bankruptcy case. Based upon the terms outlined &hellip; Continue reading \"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-21T22:14:53+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2453283\/RIot_Logo___Blue_Logov1.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement","datePublished":"2025-03-21T22:14:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/"},"wordCount":1001,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2453283\/RIot_Logo___Blue_Logov1.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/","name":"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2453283\/RIot_Logo___Blue_Logov1.jpg","datePublished":"2025-03-21T22:14:53+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/#primaryimage","url":"https:\/\/mma.prnewswire.com\/media\/2453283\/RIot_Logo___Blue_Logov1.jpg","contentUrl":"https:\/\/mma.prnewswire.com\/media\/2453283\/RIot_Logo___Blue_Logov1.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/riot-platforms-announces-entry-into-non-binding-term-sheet-to-acquire-certain-assets-of-rhodium-and-settlement-agreement\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Riot Platforms Announces Entry into Non-Binding Term Sheet to Acquire Certain Assets of Rhodium and Settlement Agreement"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/828664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=828664"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/828664\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=828664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=828664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=828664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}