Riot 8 sold 3,102 bitcoins for $250 million; Riot Platforms plans to sell newly mined bitcoins.

Hut 8 sold 954 bitcoins in the third quarter for $74.8 million and sold 2,148 bitcoins in October for $175.4 million, for a total of 3,102 bitcoins sold in the two phases, cashing out approximately $250.2 million. Riot Platforms stated that it expects to sell almost all of its newly mined Bitcoin to fund development and operational expenses. (Source: Bitcoin.com News)