According to online reports, Riot Platforms, Inc., a Nasdaq-listed bitcoin mining company. Announced that it has signed a non-binding terms list and that its wholly-owned subsidiary Whinstone may acquire certain assets owned by Bitcoin mining company Rhodium Encore LLC at the Rockdale mine. Under the terms, Whinstone will provide Rhodium with a total consideration of $185 million, including $129.9 million in cash, a power deposit returned to Rhodium of $6.1 million, and Riot shares worth $49 million. Rhodium will transfer ownership of all tangible property located at the Rockdale mine, including all ASIC miners. Whinstone and Rhodium will each withdraw all existing litigation, including appeals and waivers all future claims unrelated to the transaction completion. Previously, Rhodium filed for voluntary bankruptcy under Chapter 11 of the U.S. Bankruptcy Court for the Southern District of Texas in August last year, disclosed debt of up to US$100 million, and sold its Temple mine for US$40.6 million in December, but most of its mining machines are mainly hosted at the Rockdale mine.