How Will The New Texas Governor Impact the State’s Bitcoin Mining?
Image: BeInCrypto
Riot Platforms sold about 79% of its Bitcoin in three months to pay for AI data centers in Texas. Its stash fell from 11,380 coins in June to 2,418 by September 30. On Wednesday, Riot signed a $28 billion AI lease in Texas. That came one day after Texans elected a governor who has pledged to halt data center permits. How Riot Emptied Its Bitcoin Stash in One Quarter Riot sold 20,264 coins for about $1.5 billion between January and September, its third-quarter results show. Most went to data center construction. Based on its holdings and the 1,637 coins it mined, Riot sold roughly 10,600 in the third quarter alone. BeInCrypto asked in September whether Riot would sell 5,821 coins freed by repaying a Coinbase loan.
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