Two Major U.S. Bitcoin Mining Firms Sell 23,000 BTC for AI Data Center Investment and Share Buybacks

It was revealed in the third quarter (Q3) earnings that U.S.-listed Bitcoin mining companies Riot Platforms and Hut 8 had sold a substantial amount of Bitcoin (BTC). Riot utilized the proceeds for the development of AI data centers and debt repayment, while Hut 8 allocated funds for share buybacks, indicating a shift in the business models of mining companies.

Riot accelerated its Bitcoin sales starting in 2026. At the beginning of the year...