Bitcoin Miner Riot Platforms Sells $750M in BTC as Hut 8 Dumps $250M

Bitcoin mining companies Riot Platforms and Hut 8 disclosed substantial bitcoin sales in their respective third-quarter earnings reports on Wednesday, with Riot liquidating more than 10,000 BTC during the quarter to finance its data center expansion and Hut 8 selling cryptocurrency to fund share repurchases. Riot sold 10,599 BTC for approximately $751.5 million during the three months ended Sept. 30, accounting for more than half of the 20,264 BTC it has sold so far this year. The company generated nearly $1.5 billion from those sales over the first nine months of 2026, dramatically reducing its bitcoin reserves as it builds infrastructure for artificial intelligence computing.

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