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Riot sells 79% of Bitcoin holdings to fund $28B AI infrastructure deal in Texas.

Market News
04 Nov 2026, 18:49 WIB
UToday
View Source
Bullish
Riot sells 79% of Bitcoin holdings to fund $28B AI infrastructure deal in Texas.

Riot Platforms sold 79% of its Bitcoin treasury, liquidating 10,599 BTC to finance a $28 billion, 15-year AI infrastructure lease deal with Frontier AI Lab in Texas. The company is repurposing its energy capacity for high-performance computing, shifting focus from cryptocurrency mining amid falling margins. Riot's total long-term revenue from data centers now reaches $38 billion, with a controlled capacity of 1,151 MW. The deal is structured as a triple-net lease, reducing construction costs and avoiding shareholder dilution, while Riot maintains a strong balance sheet with $950 million liquidity and plans to possibly sell remaining BTC to fund construction.

Riot Platforms' Bitcoin treasury liquidation provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, 47 of 50 priced assets rose while 2 fell as of Nov 04, 2026 23:32 WIB. Notable movers include CAKE at Rp36.243 with a 6.04% increase and UNI at Rp139.949 with a 5.60% rise.

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