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Bitcoin Faces Selling Pressure as Riot Dumps More BTC for AI Pivot

Beincrypto Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin miner Riot Platforms transferred 500 BTC ($39M) to custodian NYDIG, pointing to continued selling.
  • Riot and other major miners like MARA are aggressively offloading reserves to fund a pivot into AI data centers due to squeezed post-halving mining margins.
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BTCUSD price history

76883.76 +14.76% over the displayed period

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