M&A Deal Summary

Riot Acquires Whinstone US

On April 8, 2021, Riot acquired information technology company Whinstone US from Northern Data for 651M USD

Acquisition Highlights
  • This is Riot’s 2nd transaction in the Information Technology sector.
  • This is Riot’s largest (disclosed) transaction.
  • This is Riot’s 3rd transaction in the United States.
  • This is Riot’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-04-08
Target Whinstone US
Sector Information Technology
Buyer(s) Riot
Sellers(s) Northern Data
Deal Type Divestiture
Deal Value 651M USD

Target

Whinstone US

Rockdale, Texas, United States
Whinstone US hosting Bitcoin mining customers in three buildings totaling 190,000 square feet. Whinstone US was founded in 2018 and is based in Rockdale, Texas.

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Buyer(S) 1

Buyer

Riot

Castle Rock, Colorado, United States
Category Company
Founded 2000
Sector Information Technology
Employees8
Revenue 281M USD (2023)
DESCRIPTION

Riot is focused on building, supporting and operating Blockchain technologies. Riot was founded in 2000 and is based in Castle Rock, Colorado.

DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 2 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2021) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 Logical Brokerage

Miami, Florida, United States

Logical Brokerage is a futures introducing broker headquartered in Miami, FL registered with the Commodity Futures Trading Commission ("CFTC") and a member of the National Futures Association ("NFA").

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 ESS Metron

Denver, Colorado, United States

ESS Metron is a provider of highly-engineered electrical equipment solutions. ESS Metron is based in Denver, Colorado.

Buy $50M

Seller(S) 1

SELLER

Northern Data

Frankfurt, Germany
Category Company
Founded 2009
Sector Information Technology
Employees157
Revenue 78M EUR (2023)
DESCRIPTION

Northern Data is a provider of sustained and profitable infrastructure to the bitcoin and its blockchain. The company offers solutions in the fields of machine learning and artificial intelligence, big data analytics, crypto mining, game streaming, and others. Northern Data was founded in 2009 and is based in Frankfurt, Germany.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-28 Kelvin Emtech

Montreal, Quebec, Canada

Kelvin Emtech, Inc. provides services for blue-chip customers of telecommunications group and IT service provider. The KE Group will in the future focus on HPC expansion projects for Northern Data in North America. Kelvin Emtech was formed in 1994 and is based in Montreal, Quebec.

Buy -
Mergr

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