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Riot shares rise on $28B AI lease; Hut 8 falls after revenue decline
Bitcoin miner Riot sold BTC to fund its AI expansion, while Hut 8 reported falling revenue and higher costs ahead of data center income.
HighRisk Media Newsroom, , 1 min read · Читать по-русски
Shares of bitcoinБиткоинBitcoin (BTC) is the first and best-known decentralized cryptocurrency, running on its eponymous blockchain network with no central issuer or intermediary bank. miner Riot rose after it reported a $28 billion lease linked to AI infrastructure, according to Cointelegraph. At the same time, Hut 8 shares fell after the company reported a drop in revenue.
According to the outlet, Riot sold part of its bitcoin holdings to finance its AI expansion. Hut 8 reported lower revenue and higher costs, and its large data center leases have not yet started generating income.
The full text of the article was not available, so the terms, timelines and parties to the lease are not specified in these reports.
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Bitcoin miningAI infrastructureData centersPublic marketsCrypto