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.

BTC-0,12%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
AltcoinMarathonervip
· 01-17 05:24
selling btc to buy mining infrastructure... honestly this is mile 20 vibes. short term it looks wild but if you zoom out, they're basically saying "we're in this for the long game." infrastructure = staying power in ultra-marathons. not sprinting for quick gains, just stacking assets that matter.
Reply0
NFTregrettervip
· 01-16 21:00
Sold 1080 BTC to buy a mining farm? This guy really dares to gamble... Energy is probably the key, right?
View OriginalReply0
AlphaWhisperervip
· 01-16 21:00
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?
View OriginalReply0
TokenTherapistvip
· 01-16 20:52
Riot's move is a bit hasty, selling 1,080 Bitcoins just to set up a mining farm...
View OriginalReply0
ApeWithNoChainvip
· 01-16 20:39
What is Riot doing... selling 1,080 Bitcoins just to develop Rockdale? Seems a bit costly.
View OriginalReply0
PoetryOnChainvip
· 01-16 20:37
Selling coins to buy a mining farm, Riot's move is quite ruthless...
View OriginalReply0
DarkPoolWatchervip
· 01-16 20:32
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.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)