Bitcoin miner Riot sold 20,264 $BTC over 9 months to fund its AI data center expansion "The blue wave was very negative for Bitcoin mining companies in general. They were some of…
Original source excerpt
Bitcoin miner Riot sold 20,264 $BTC over 9 months to fund its AI data center expansion "The blue wave was very negative for Bitcoin mining companies in general. They were some of the few stocks that …
Bitcoin miner Riot sold 20,264 $BTC over 9 months to fund its AI data center expansion "The blue wave was very negative for Bitcoin mining companies in general. They were some of the few stocks that actually went down when everything went up." "That's because obviously they are AI data centers and under a Democrat government, it's more likely that AI data centers are going to have a lot of problems." "Riot, their stock actually went up and that's because they had this huge announcement with Anthropic for their facilities in Texas." "But another interesting part of this is that in 9 months they announced they sold 20,264 Bitcoin for approximately $1.5 billion so that they could build this out." "This is a continuation of a story we keep telling, which is that really Bitcoin miners are now just data centers, and they're going to go where there's more money."
AI context is not available for this statement. The original source can be read independently.