00:00
Speaker A
The next story as we took through a lot of news today, Riot names Anthropic as tenant, 28 billion Texas lease could owe at 12% interest. So the bigger story here
00:08
Speaker A
is that the Blue Wave was very negative for Bitcoin mining companies in general. They were some of the few stocks that actually went down when everything went up, and that's because obviously they are AI data centers and under a Democrat uh government, it's more likely that AI data centers are going to have a lot of problems, right? But Riot, their stock actually went up, and that's because they had this huge announcement with Anthropic for their facilities in Texas. But another interesting part of this is that in nine months, they announced they sold 2,264 Bitcoin for approximately $1.5 billion so that they could build this out.
00:50
Speaker A
This is a continuation of a story we keep telling, which is that really Bitcoin miners are now just data centers, and they're going to go where there's more money, and right now there's a lot more money in AI data center build out in Bitcoin. So you're wondering where some of the selling pressure for Bitcoin has likely been coming from, it's coming from our very own Bitcoin miners who need that money to build out the new AI data. It's going to be interesting to see what happens with AI data centers state to state and with the federal government now that we have a bit of regime change with the government.
