The latest transfer comes as Riot has sold more Bitcoin than it mined, funding a shift toward AI data centers as mining economics weaken after the 2024 halving.
Riot Platforms moved another 500 Bitcoin worth about $39 million to NYDIG custody, extending a treasury pattern that has coincided with heavy Bitcoin sales and a broader push into AI-focused data center operations. Onchain Lens flagged the June 30 transfer, echoing a similar move tracked by Arkham in early April. Riot disclosed selling 3,778 Bitcoin for $289.5 million last quarter while mining 1,473, and it previously sold about 1,080 Bitcoin to fund a $96 million land purchase at its Rockdale site in Texas. That property now underpins a data center business anchored by AMD, which signed a 10-year lease worth about $311 million and later increased its commitment to 50 megawatts. Riot said the segment generated $33.2 million in revenue, its first contribution, as thinner mining margins after the 2024 halving added pressure. Riot’s holdings were about 15,680 BTC as of this writing, down 18% from a year earlier, and CEO Jason Les described the first quarter of 2026 as a turning point in the company’s transition into a revenue-generating data center operator.