✉news BusinessCrypto first seen 1 d ago, last 1 d ago, peak #4
Riot and Hut 8 Sell Thousands of Bitcoin to Fund AI Ventures
Original: Riot (RIOT) And Hut 8 (HUT) Sell Thousands Of Bitcoin To Fund AI Ventures, Share Buybacks
Bitcoin miners Riot Platforms and Hut 8 have sold thousands of bitcoin from their holdings, directing proceeds toward artificial intelligence ventures and share buyback programs. The moves signal a shift among mining companies toward AI and high-performance computing as bitcoin mining margins tighten. Markets are watching whether the sales mark a broader pivot in strategy for the sector.
Why now: Investors are reacting to major bitcoin holders liquidating treasury assets to fund AI expansion and buybacks.
Evidence
- Riot (RIOT) And Hut 8 (HUT) Sell Thousands Of Bitcoin To Fund AI Ventures, Share Buybacks · Bitcoin Magazine
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