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.
Related market data
- BTC: price 80,359, 24h 3.60%, funding -0.0003%/h, OI $3.22B
Read the full story at cointelegraph.com: https://cointelegraph.com/news/riots-28b-ai-deal-lifts-shares-as-hut-8-faces-transition-costs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound