Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss
Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate…
Some links on this page are affiliate links. We may earn a commission if you sign up, at no extra cost to you.
AI summary
Related news
Bitcoin rebounds past $80,000 as markets shrug off midterms and Binance hack
Bitcoin rose 3.5% to $80,500 and ether jumped 6% after Democrats won Congress, while Bitwise says the Binance hack had limited market impact.
US Bank Regulator Issues First AI Framework as Banks Battle Rogue Agents
The OCC's first examiner guide weighs autonomy and financial harm, and directly addresses outside AI agents—the same risk that recently prompted major banks to restrict…
Bitcoin Miner Riot Platforms Sells $750M in BTC as Hut 8 Dumps $250M
Bitcoin mining companies Riot Platforms and Hut 8 disclosed substantial bitcoin sales in their respective third-quarter earnings reports on Wednesday, with Riot liquidating more…