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Riot Platforms has sold its mined Bitcoin for the first time since January 2024, with a net profit of $38.8 million.
[Riot Platforms sells its mined Bitcoin for the first time since January 2024, netting $38.8 million] One of the publicly listed Bitcoin mining companies, Riot Platforms, announced on Monday that it sold Bitcoin mined in April, marking the company’s first sale of mined Bitcoin in over a year. The company sold 475, netting approximately $38.8 million. This sale included 463 BTC mined in April and an additional 12 BTC from reserves. The last time Riot sold a significant amount of Bitcoin was in January 2024.