Mars Finance reports that Nasdaq-listed Bitcoin mining company Riot Platforms, Inc. has announced the signing of a non-binding term sheet, through which its wholly-owned subsidiary Whinstone may acquire specific assets owned by Bitcoin mining company Rhodium Encore LLC at the Rockdale mining site. According to the terms, Whinstone will provide Rhodium with a total consideration of $185 million, including $129.9 million in cash, a refund of Rhodium's power margin of $6.1 million, and $49 million worth of Riot shares. Rhodium will transfer full ownership of tangible property at the Rockdale mining site, including all ASIC mining machines. Whinstone and Rhodium will also withdraw all existing litigation, including appeals, and waive all future claims unrelated to the transaction completion.