Riot Platforms Sells Mined Bitcoin for the First Time Since January 2024, Netting $38.8 Million
Riot Platforms, one of the publicly traded Bitcoin mining companies, stated on Monday that it sold the Bitcoin mined in April, marking the first sale of mined Bitcoin by the company in over a year. The company sold 475 BTC, with net proceeds of approximately $38.8 million. This sale included 463 BTC mined in April and an additional 12 BTC from reserves. The last time Riot sold a significant amount of Bitcoin was in January 2024.
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