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Riot Platforms sells $1.5B Bitcoin, invests in data centers, and signs $28B AI lab lease.

Protocol Fundamentals
05 Nov 2026, 04:39 WIB
Tokenpost
View Source
Bullish
Riot Platforms sells $1.5B Bitcoin, invests in data centers, and signs $28B AI lab lease.

Riot Platforms sold 20,264 Bitcoin in the first nine months of 2026, generating about $1.5 billion mainly used for data-center construction. Despite a 1% revenue increase to $181 million in Q3, Bitcoin mining revenue dropped due to lower Bitcoin prices, though mining output rose 16%. Riot signed a 15-year lease with a major AI lab for 910 megawatts of IT capacity valued at $28 billion, expanding its data-center business significantly. The company holds 2,418 BTC and $748 million in cash, planning to fund projects without issuing new shares.

Riot Platforms' Bitcoin sales and data center expansion provide context for cryptocurrency market trends. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 05, 2026 09:31 WIB: 44 of 50 major cryptocurrencies rose today. EOS gained 8.13% to Rp12,649, Uniswap rose 7.81% to Rp139,080 with 57% sell orders, and Ethereum increased 7.72% to Rp44,121,399 with 69% sell orders. Typical hold times ranged from 65 to 108 days.

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