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

Cointelegraph·November 4, 2026·1 min read
Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss

Bitcoin miner Riot sold BTC to finance its AI expansion, and its shares surged on a $28B AI lease. Hut 8 reported falling revenue and rising costs before its major data center leases generate income, causing its stock to sink.

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