Bitcoin Miner Riot Platforms Sells $750M in BTC as Hut 8 Dumps $250M

Bitcoin mining companies Riot Platforms and Hut 8 disclosed substantial bitcoin sales in their respective third-quarter earnings reports on Wednesday, with Riot liquidating more than 10,000 BTC during the quarter to finance its data center expansion and Hut 8 selling cryptocurrency to fund share repurchases. Riot sold 10,599 BTC for approximately $751.5 million during the three months ended Sept. 30, accounting for more than half of the 20,264 BTC it has sold so far this year.