Riot Platforms sold nearly 200 million USD in BTC

The company’s recent sales of BTC diverge from their previous strategy, where they refrained from selling any Bitcoin in 2024. Riot is focusing on utilizing its mining operations to support upcoming AI initiatives.

With a current BTC holding worth roughly 1.65 billion USD, Riot is among the top publicly traded holders of Bitcoin. Their evolving strategy prioritizes dividing revenue from BTC mining to invest in AI technologies.

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