Riot Platforms Stock Surges 11% After Bitcoin Sale Fuels Texas Expansion
Shares of Riot Platforms experienced an 11% increase following the company's announcement that it sold over $160 million in its Bitcoin holdings. According to reports, this sale is part of a strategic shift to expand the use of its data centers. The development will allow Riot Platforms to fund a deal in Texas. The company's stock market performance reflects investor reaction to the strategic move involving its digital asset reserves and infrastructure development plans.
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