Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss
CO
CointelegraphBy Cointelegraph by Nate Kostar
EXECUTIVE SUMMARY
Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
Key Takeaways
- Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss.
- Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
- Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
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