Bitcoin Miner Riot Platforms Sells Over $250 Million Worth of BTC [Yahoo! Finance]
Bitfarms Ltd. (BITF)
Company Research
Source: Yahoo! Finance
The firm sold 3,778 Bitcoin at an average price of more than $76,000, decreasing its total holdings to 15,680 BTC at the end of Q1—now valued around $1.04 billion as Bitcoin changes hands at $66,844. The Colorado-based miner has now sold Bitcoin in consecutive quarters, after netting proceeds of nearly $200 million from sales of the top cryptocurrency during November and December. At that time, speculation was that the funds would be used to fund capital expenditures for its entry into the AI sector, a pivot that nearly all Bitcoin miners are making. For example, publicly traded miner Bitfarms recently announced it was completely detaching itself from Bitcoin to focus on AI. Additionally, one of Riot's major Bitcoin mining rivals, MARA, recently sold $1.1 billion in BTC to help fuel its pivot into AI. A representative for the firm did not immediately respond to Decrypt's request for comment about what its proceeds may be used for. However, sales from earlier in 2025 were desi
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BITF
News
- Bitcoin Price Prediction as Companies Dump Their Bitcoin [Yahoo! Finance]Yahoo! Finance
- Bitfarms Rebrands To Keel Infrastructure, But Financial Engineering Still Weighs [Seeking Alpha]Seeking Alpha
- Bitfarms Shares Jump Despite $285M Net Loss as Miner Expands AI Pivot [Yahoo! Finance]Yahoo! Finance
- Bitfarms Officially Rebrands as Keel Infrastructure; Completes U.S. RedomiciliationGlobeNewswire
- Bitfarms US Move And Keel Rebrand Shift Bitcoin Miner To HPC Focus [Yahoo! Finance]Yahoo! Finance
BITF
Sec Filings
- 4/6/26 - Form 4
- 4/6/26 - Form 4
- 4/6/26 - Form 4
- BITF's page on the SEC website