Riot Platforms sells 79% of Bitcoin holdings, shifts $1.5 billion into AI infrastructure

Riot Platforms Inc., a major US-based Bitcoin mining company, has made a significant move by selling 79% of its Bitcoin reserves during the third quarter of 2026. The sale reduced Riot’s holdings from 11,380 BTC to 2,418 BTC, as the company redirected approximately $1.5 billion in proceeds to invest in artificial intelligence infrastructure. Throughout the first nine months of 2026, Riot sold a total of 20,264 BTC on the open market, raising around $1.5 billion. The capital is being used to finance a major transition: Riot is adapting its surplus energy capacity for high-performance computing, targeting the growing demand from artificial intelligence service providers. Riot’s shares responded sharply to these developments, surging to $16.20 at the market open before settling in the $15.45 to $15.50 range amid increased trading volumes.

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