"Riot's consistent sells signal that operational costs (energy, infrastructure, debt service) might be consuming a significant portion of its revenue, leaving little room to build a crypto stockpile."
"Public miners have continued to face a structural challenge following the April 2024 halving, which cut the block reward from 6.25 BTC to 3.125 BTC per block."
"Riot's repeated use of NYDIG as a deposit destination suggests its sales are structured and deliberate, not panic selling."
Riot Platforms has deposited another 500 BTC, valued at $38.24 million, to NYDIG, continuing a trend of consistent selling in 2026. This pattern raises concerns about the company's treasury strategy and its implications for the broader BTC market. The ongoing sales indicate that operational costs may be significantly impacting Riot's revenue, limiting its ability to accumulate bitcoin. Following the April 2024 halving, public miners have faced increased energy costs, leading to sustained selling rather than accumulation of mined bitcoin.
Read at news.bitcoin.com
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