⚡️ Riot Platforms sells 1,080 $BTC for massive expansion.
Riot Platforms has liquidated 1,080 $BTC for a value of $96M. Far from being a sign of weakness, the miner is executing a corporate chess move this January 16.
Growth strategy:
🏭 Infrastructure: The funds are allocated for the total acquisition of the Rockdale site and a new 25MW agreement for data centers.
🤝 Alliance with AMD: The signing of this agreement suggests an expansion into high-performance computing (HPC) and Artificial Intelligence.
📈 Maturity: Riot moves from passive "HODL" to reinvestment in cash flow and diversification of income outside of pure mining.
Conclusion: Strategic capital reassignment to reduce operational risks and increase global computing capacity.
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