On-chain data from Lookonchain shows Riot Platforms deposited 500 BTC (≈$39M) to an NYDIG deposit address as part of an ongoing sell-off. Riot has been sending regular batches (60–125 BTC) almost daily and made another 500 BTC deposit two weeks earlier. The selling follows post-halving pressure as mining difficulty rises; other miners (MARA, CleanSpark, Core Scientific) have also liquidated BTC this year. Riot reported selling 3,778 BTC for $289.5 million in Q1 2026.

Lookonchain on-chain data: Riot deposited 500 BTC (~$39M) to an NYDIG address and has been sending regular 60–125 BTC batches almost daily, with a prior 500 BTC deposit two weeks earlier. Riot disclosed selling 3,778 BTC for $289.5M in Q1 2026. Other miners (MARA, CleanSpark, Core Scientific) have also liquidated BTC; selling is linked to post-halving pressure as difficulty rises.