According to an official announcement, Riot Platforms, Inc. (NASDAQ: RIOT) announced that it had signed a non-binding clause list, and its wholly-owned subsidiary Whinstone US, Inc. (or its affiliates) intends to acquire Rhodium Encore LLC (and its affiliates, "Rhodium") specific assets at Riot's Rockdale facility and filed a motion to approve the settlement under Federal Bankruptcy Rule 9019 in the Rhodium Bankruptcy case. According to the terms list, upon completion of the transaction, Whinstone (or its affiliates) will provide Rhodium with a total consideration of $185 million, including: (i) $129.9 million in cash, (ii) return of Rhodium’s $6.1 million in power safety margin, and (iii) $49 million worth of Riot stock (pricing based on volume-weighted average price for the 10 trading days before the transaction is completed).