Riot Sells 10,599 BTC as AI Data Center Shift Accelerates

Riot Platforms sold 10,599 Bitcoin during the third quarter, reducing its holdings by nearly 79% as the miner redirects capital toward data center development. The company also completed a transfer of its Bitcoin custody from NYDIG Trust to BitGo Bank & Trust, according to an October 29 filing with the U.S. Securities and Exchange Commission. Riot’s Bitcoin balance declined from 11,380 BTC at the end of June to 2,418 BTC on September 30. The company mined 1,637 BTC during the quarter, meaning sales were approximately 6.5 times its production.