Riot Platforms Sells Bitcoin for AI Growth | Business and Finance News

Riot Platforms just dumped 4,300 Bitcoin to fund its explosive AI data center push — even as mining output surged and profits dipped due to falling Bitcoin prices and rising costs. With big contracts locked in, including a $9B deal with Anthropic, the company’s betting big on the future — despite posting a net loss. Still, cash reserves are strong, Bitcoin holdings remain substantial, and shares have soared over the past year. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f4b794a2ad88c8f5