Riot Platforms Sells $200M BTC: Funding AI or Desperation? 🤔

Matthew Sigel of VanEck, with the solemnity of a man explaining why the sky is falling, suggested these sales might fund Phase 1 of Riot’s Corsicana AI data center. “One winter of BTC sales,” he declared, “equals the entire capex for 112 MW of core/shell build.” A triumph of prioritization-or a cry for help disguised as strategy? Only time will tell, or perhaps only a therapist.





