Riot Platforms’ Bitcoin sales hit 10,599 as reserves fell nearly 79%

Riot Platforms’ Bitcoin sales reached 10,599 Bitcoin in the third quarter , cutting its reserves by nearly 79% between June 30 and September 30 as it funded a data-center expansion. Figures accompanying its November 4 earnings release show the scale of that shift, alongside a 15-year AI lease at its Corsicana campus in Texas worth approximately $28 billion over its initial term. Key takeaways Riot held 2,418 Bitcoin at September’s end. Nine-month Bitcoin disposals raised approximately $1.5 billion. Corsicana’s AI lease covers 910 megawatts of IT capacity. Quarterly mining revenue declined despite higher Bitcoin production. Riot Platforms’ Bitcoin sales outpace production Riot sold about 6.5 times its quarterly Bitcoin production , drawing down holdings from 11,380 Bitcoin on June 30 to 2,418 on September 30.

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