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Today in Crypto: Shares of Riot Platforms climbed after the Bitcoin miner said it sold BTC to fund a Texas expansion. Meanwhile, Belgian bank KBC plans to launch Bitcoin and Ether trading for retail customers in February and crypto market sentiment weakened amid uncertainty over delays to a US crypto bill.
Shares of Riot Platforms jumped more than 11% after the crypto miner said it sold Bitcoin to help finance a land acquisition in Texas.
In a Friday notice, Riot said the $96 million deal for 200 acres of land in Rockdale, Texas was funded entirely by the sale of about 1,080 Bitcoin (BTC). The miner also signed a data center lease and services agreement with semiconductor company Advanced Micro Devices (AMD), initially deploying 25 megawatts (MW) of “critical IT load capacity.”
