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

By Micah Zimmerman

Bitcoin Magazine Riot (RIOT) and Hut 8 (HUT) Sell Thousands of Bitcoin to Fund AI Ventures, Share Buybacks Riot has sold 20,264 bitcoin this year to fund AI data centers, leaving it with 2,418 BTC, while Hut 8 sold 3,102 to buy back $250 million of stock. This post Riot (RIOT) and Hut 8 (HUT) Sell Thousands of Bitcoin…

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Data centre

A facility that houses large numbers of servers and networking equipment to store and process data.

Data centres use large amounts of electricity and water, which makes their location a local and climate issue.

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