Major move in the Bitcoin mining sector: Riot Platforms divested 1,080 BTC (valued at approximately $96 million) to fund the acquisition of the Rockdale facility. The company simultaneously inked a 25MW data center partnership agreement, marking a strategic push to scale its mining operations and computing infrastructure. This capital deployment reflects the growing competition among major miners to secure both energy resources and cutting-edge hardware capacity in an increasingly competitive landscape.

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NFTregrettervip
· 3h ago
Sold 1080 BTC to buy a mining farm? This guy really dares to gamble... Energy is probably the key, right?
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AlphaWhisperervip
· 3h ago
Riot's move... selling nearly a billion dollars worth of Bitcoin to exchange for computing power. Are they betting that energy costs can be brought down?
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TokenTherapistvip
· 3h ago
Riot's move is a bit hasty, selling 1,080 Bitcoins just to set up a mining farm...
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ApeWithNoChainvip
· 3h ago
What is Riot doing... selling 1,080 Bitcoins just to develop Rockdale? Seems a bit costly.
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PoetryOnChainvip
· 3h ago
Selling coins to buy a mining farm, Riot's move is quite ruthless...
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DarkPoolWatchervip
· 3h ago
Riot's move to sell coins and buy mining farms still depends on betting that the coin price will continue to rise, otherwise it will be awkward.
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