Riot (RIOT) and Hut 8 (HUT) Sell Thousands of Bitcoin to Fund AI Ventures, Share Buybacks 

Two major publicly traded Bitcoin mining companies, Riot Platforms (RIOT) and Hut 8 (HUT), have engaged in significant Bitcoin sales this year. Riot has sold a substantial 20,264 Bitcoin, primarily to fund its ventures into artificial intelligence data centers, resulting in its current holdings shrinking to 2,418 BTC. Similarly, Hut 8 offloaded 3,102 Bitcoin with the stated purpose of financing a $250 million stock buyback program. This news was originally reported by Bitcoin Magazine and authored by Micah Zimmerman, highlighting strategic financial decisions made by key players in the Bitcoin mining industry.