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Riot Platforms sells 4,300 bitcoins to fund AI datacentre network expansion

U.S. bitcoin miner Riot Platforms sold 4,300 bitcoins and plans to use the proceeds to expand a datacentre network for AI workloads. The move comes as mining profitability weakens, with Riot’s second-quarter mining revenue down 19.3 percent amid higher power prices and a sharp fall in hashprice. The company still holds $548.9 million in cash and 11,380 bitcoins, and is pursuing long-term infrastructure contracts, including a proposed 20-year lease with expected revenue of $9.1 billion.