Bitcoin
Riot (RIOT) and Hut 8 (HUT) Sell Thousands of Bitcoin to Fund AI Ventures, Share Buybacks
Bitcoin Magazine·November 4, 2026·1 min read
Riot sold 20,264 bitcoin this year to fund AI data centers, leaving it with 2,418 BTC, while Hut 8 sold 3,102 BTC to buy back $250 million of stock. Both miners are pivoting toward AI ventures and shareholder returns as they reduce their bitcoin holdings.
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