Mining1 source
Riot Liquidates 79% of Its Bitcoin Treasury for $28 Billion AI Infrastructure Deal
Headline from U.Today
Key points
- Bitcoin mining firm Riot has liquidated 10,599 BTC, representing 79% of its total cryptocurrency treasury.
- The substantial sale was conducted to secure funding for a historic 15-year artificial intelligence infrastructure agreement valued at $28 billion.
- The company officially confirmed the reduction of its digital asset holdings to support this strategic expansion into the AI sector.
Summarized automatically by Kryptokite from reporting by U.Today. Read the original sources for full detail.
Coins mentioned
Sources
- U.TodayRiot Liquidates 79% of Its Bitcoin Treasury for $28 Billion AI Infrastructure Deal · 1 hour agoRead on U.Today
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