💰 @RiotPlatforms sells 10,599 BTC in Q3, cutting holdings by nearly 79% since June end #RiotPlatforms sold 10,599 $BTC in Q3, cutting its holdings by nearly 79%, from 11,380 $BTC at the end of June to 2,418 $BTC by September 30. The company sold 20,264 $BTC for approximately $1.5B during the first nine months of the year, primarily to finance data center construction. Additionally, Riot reported Q3 revenue of $181M, up 1% year-over-year, while net income fell to $4.03M from $104M a year earlier. #Bitcoin mining revenue declined 28% to $116M. The company also signed a 15-year, 910 MW data center lease with an unnamed AI lab, valued at approximately $28B, bringing its total contracted capacity to 1,151 MW and long-term contract revenue to around $38B. 👉 https://t.co/MrBPyW14I8