Riot Liquidates 79% of Its Bitcoin Treasury for $28 Billion AI Infrastructure Deal

American Riot Platforms Inc. (RIOT) sold off 79% of its Bitcoin in the third quarter of 2026, redirecting capital toward building infrastructure for artificial intelligence . According to a fresh financial report , the company reduced its cryptocurrency reserves from 11,380 to 2,418 BTC. In total, over the first nine months of the year, Riot sold 20,264 BTC on the market, receiving about $1.5 billion for them. This money went toward financing a major technological shift: the company's free energy capacity is being repurposed for high-performance computing needs.