RIOT sold approximately 4,300 Bitcoins in the second quarter this year, reducing its holdings from around 15,680 to 11,380. In the first half of the year, it sold a total of about 9,665 BTC. The sale of these Bitcoins was aimed at supporting its transition from a mining company to AI hosting. This year has been a breakout year for AI, with companies like Changxin and Unitree rushing to go public. Everyone wants to squeeze through the AI door and grab a piece of the pie.