2026-01-17 16:33:39

Major bitcoin mining operator Riot Platforms liquidated 1,080 BTC, generating $96 million in capital to acquire the Rockdale facility. The company simultaneously inked a partnership agreement for a 25MW data center infrastructure with AMD, marking a strategic push into expanded computational capacity. This move signals aggressive expansion in mining operations and reflects confidence in the sector's infrastructure buildout.

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consensus_failure

· 19h ago

Selling coins to buy mining rigs, Riot's move is quite interesting... AMD partnership is a highlight

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HodlAndChill

· 01-17 17:03

This move is quite aggressive, directly dumping 1,080 Bitcoins for cash... However, building a factory + AMD partnership definitely aims for long-term positioning.

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GetRichLeek

· 01-17 17:02

Selling coins to buy mining rigs, I really didn't see this coming. What is Riot gambling on? Or has the on-chain data already hinted at it and I missed it... --- That 25MW partnership with AMD looks like a big move. The hash rate competition is heating up again. My small mining rigs might be crushed. --- Investing 9.6 billion to expand production, is the big player trying to pump the market or dump? I can't tell. The technical signals don't seem to have given any indication yet. --- After losing half a year's worth of money, I see this news and start to FOMO again. Damn, I want to get in again. When will I ever get over this mindset? --- I remember the Rockdale mine is a cost-effective location. The strategy is decent, but I don't know if Bitcoin can cooperate effectively. --- What was I doing when I bought 1,080 units? Probably trapped at a high level again. Truly a contrarian indicator.

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ApeWithNoFear

· 01-17 16:58

Selling coins to buy mining machines, Riot is serious this time.

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MaticHoleFiller

· 01-17 16:51

Speaking of Riot, this move is really about pouring money into expanding production. Selling 1,080 BTC just to develop Rockdale... However, the 25MW collaboration with AMD does seem to have some substance.

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NoStopLossNut