Bitcoin Miner Riot Sells 10,599 BTC in Q3 as Holdings…
By Karthik Subramanian
AI summary of the source article
Riot Platforms sold 10,599 Bitcoin in Q3 2026, reducing its crypto holdings by nearly 79% to fund AI infrastructure development. The company also announced a 15-year, $28 billion AI data-center lease agreement.
Why it matters
For Riot, Bitcoin sales provide capital to develop those facilities while reducing exposure to fluctuations in cryptocurrency prices.
Key facts
- Riot reduced its Bitcoin holdings from 11,380 BTC to 2,418 BTC during Q3 2026, leaving reserves valued at approximately $202 million.
- The company sold 20,264 BTC for roughly $1.5 billion in the first nine months of 2026, using proceeds for data centers and repaying a $200 million credit facility.
- Riot signed a 15-year agreement with an AI firm for 910 megawatts of capacity, projected to generate about $28 billion in revenue.
Source excerpt · FinanceFeeds
Riot Platforms, one of the largest publicly traded Bitcoin mining companies, sold 10,599 BTC during the third quarter of 2026, reducing its cryptocurrency holdings by nearly 79% as it redirected capital toward artificial intelligence infrastructure. According to financial results released November 4, Riot's Bitcoin reserves declined from 11,380 BTC on June 30 to 2,418 BTC on September 30. The rema…