[Wu Blockchain News] Second-Largest Bitcoin Miner Riot Sells 10,599 BTC in Q3, Holdings Drop Nearly 7...

Riot Platforms sold 10,599 BTC in Q3, cutting its holdings from 11,380 at end-June to 2,418 at end-September, a nearly 79% drop, after selling 20,264 BTC for about $1.5 billion in the first nine months to fund data center construction. The second-largest listed Bitcoin miner posted Q3 revenue of $181 million, up 1% year-over-year, net income of $4.03 million versus $104 million a year earlier, and Bitcoin mining revenue of $116 million, down roughly 28%. The shift matters because Riot is converting from a pure-play miner into an AI data center landlord, leaning on BTC sales to fund that buildout. Watch next for further Bitcoin liquidations from Riot's remaining 2,418 BTC stash, progress on the 910 MW AI lease, and whether mining revenue keeps sliding as hosting contracts scale.