The hum of servers, once a distant promise, is now a roaring revenue stream for Riot Platforms. The Bitcoin miner's Q1 2026 earnings reveal a crucial pivot, with data center operations eclipsing traditional crypto mining.
Thursday's 319.7 BTC transfer — worth $22.68 million — caps Bhutan's quiet fire sale. From mining pioneer to reluctant seller, the kingdom's pivot exposes crypto's harsh economics for small players.
Marathon Digital just sold $1.1 billion in Bitcoin and fired 15% of its workforce in the same breath. But this isn't a survival move—it's a strategic admission that pure Bitcoin mining is dying.
Riot Platforms just sold $290 million worth of bitcoin in Q1. It's not alone—miners everywhere are cashing out BTC for AI infrastructure bets.
Bitcoin mining just hit a wall. Soluna's massive bet on wind power and AI infrastructure reveals an industry in crisis—and a possible way out.