Riot Platforms sold 20,264 bitcoin in 2026 for about $1.5 billion to fund data center construction and repay a $200 million credit facility with Coinbase. Hut 8 sold 3,102 bitcoin since July, including 954 in the third quarter and 2,148 in October, to fund $250 million in share repurchases; its board subsequently raised the authorization to $1 billion. Riot signed a 15-year lease with an artificial intelligence laboratory for its Corsicana, Texas campus, covering 910 MW of capacity and an initial value of about $28 billion. Hut 8 expanded its data center portfolio with a new 352 MW lease and the purchase of two sites in Texas, while its stock fell 17% and Riot’s rose about 13% following the results.
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