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#hut-8

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#riot-platforms #bitcoin-mining #ai-infrastructure #corporate-strategy #corporate-treasury

Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss

Bitcoin miner Riot Platforms saw its shares surge after securing a massive $28 billion AI lease, while competitor Hut 8 experienced a stock decline due to a revenue miss. This divergence highlights the strategic shift by some crypto miners into AI infrastructure, leveraging their energy capacity for new revenue streams beyond just Bitcoin mining.

BTC

2,7K1299

Crypto·1 dag geleden

Riot (RIOT) and Hut 8 (HUT) Sell Thousands of Bitcoin to Fund AI Ventures, Share Buybacks

Major Bitcoin mining firms Riot Platforms and Hut 8 have liquidated significant crypto holdings to pivot toward AI data infrastructure and share repurchases. Riot sold over 20,000 BTC to build out high-performance computing centers, leaving a drastically reduced treasury balance. Meanwhile, Hut 8 executed thousands of bitcoin sales to fund a $250 million stock buyback program.

BTC

12K32910