Riot Platforms’ Bitcoin sales hit 10,599 as reserves fell nearly 79%
Photo: The Cryptonomist
Riot Platforms’ Bitcoin sales reached 10,599 Bitcoin in the third quarter , cutting its reserves by nearly 79% between June 30 and September 30 as it funded a data-center expansion. Figures accompanying its November 4 earnings release show the scale of that shift, alongside a 15-year AI lease at its Corsicana campus in Texas worth approximately $28 billion over its initial term. Key takeaways Riot held 2,418 Bitcoin at September’s end. Nine-month Bitcoin disposals raised approximately $1.5 billion. Corsicana’s AI lease covers 910 megawatts of IT capacity. Quarterly mining revenue declined despite higher Bitcoin production.
Source: The Cryptonomist
