Bitcoin sales to fund data-center development
Company: Riot
The claim, verbatim
Riot sold more than 20,000 bitcoin year-to-date for about $1.5 billion, mainly to fund data-center development.
Source (primary)
MARA’s $634M Q3 Profit and Bitcoin (BTC) Sale Signal Broader Shift as Riot Platforms and Hut 8 Monetize Holdings for AI Infrastructure - Crowdfund Insider (-, news_article)
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Quote: “Riot Platforms sold more than 20,000 bitcoin year-to-date for approximately $1.5 billion, primarily to fund data-center development”
How we checked this
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Additional evidence
confirms MARA’s $634M Q3 Profit and Bitcoin (BTC) Sale Signal Broader Shift as Riot Platforms and Hut 8 Monetize Holdings for AI Infrastructure - Crowdfund Insider
Quote: “Riot Platforms sold more than 20,000 bitcoin year-to-date for approximately $1.5 billion, primarily to fund data-center development”