Bitcoin sales to fund data center development
Company: Riot
The claim, verbatim
Riot sold 20,264 bitcoin worth about $1.5 billion in the first nine months of the year, primarily to fund data center development.
Source (primary)
RIOT Stock Heads For Biggest Weekly Gain In 5 Months After Signing Its Largest-Ever AI Data Center Lease - Yahoo Finance (-, news_article)
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Quote: “it sold 20,264 bitcoin, worth about $1.5 billion, during the first nine months of the year, primarily to fund its data center development plans.”
How we checked this
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Additional evidence
confirms RIOT Stock Heads For Biggest Weekly Gain In 5 Months After Signing Its Largest-Ever AI Data Center Lease - Yahoo Finance
Quote: “it sold 20,264 bitcoin, worth about $1.5 billion, during the first nine months of the year, primarily to fund its data center development plans.”