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Riot Platforms’ Acquisition of Block Mining Makes Sense, JPMorgan Says

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Will Canny is CoinDesk's finance reporter.

JPMorgan noted that Riot will have the second-largest capacity of the U.S.-listed bitcoin miners.acquisition

Riot will have the second-largest capacity among U.S. listed bitcoin miners following the acquisition, and the deal also “serves as the latest appraisal of undeveloped power assets,” analysts Reginald Smith and Charles Pearce wrote.site in Texas, the report said.

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