Riot Platforms shares gain after reported $28B AI lease deal

CIE News ·

Based on reporting by Cointelegraph; not yet independently confirmed.

Riot Platforms shares climbed following a reported $28 billion AI lease agreement, according to Cointelegraph. The company sold Bitcoin (BTC) reserves to fund its shift into AI infrastructure.

Shares of Bitcoin (BTC) miner Riot Platforms gained after the company secured a $28 billion artificial intelligence lease agreement, according to Cointelegraph. The miner sold portions of its Bitcoin holdings to help finance the expansion into AI infrastructure. The move reflects a broader strategic pivot by the firm toward providing computing capacity for artificial intelligence.

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