Second Largest Bitcoin Miner Sells 10,599 BTC in Q3, Holdings Plunge Almost 79% From End of June Riot Platforms, the second largest Bitcoin mining company on the exchange, sold 10,599 BTC in Q3, reducing its holdings from 11,380 at the end of June to 2,418 at the end of September, a drop of nearly 79%. In the first nine months of the year, Chaos sold a total of 20,264 BTC for about $1.5 billion, mostly to finance the construction of data centers. The company recorded in the third quarter revenues of 181 million dollars, an increase of 1% compared to the year, with a net profit of 4.03 million dollars, compared to 104 million dollars in the corresponding period last year. Bitcoin mining revenue was $116 million, down about 28% year over year. Mayhem also signed a 15-year data center lease agreement with an unnamed leading artificial intelligence lab for 910 megawatts of IT capacity, with an initial contract value of approximately $28 billion. The company has now accumulated 1,151 MW of data center capacity, with long-term contract revenue of approximately $38 billion. - Link.