# Riot shares surge on $28B AI lease as Hut 8 sinks on revenue miss

- Source: Cointelegraph.com News
- Published: 2026-11-04T18:47:56+00:00
- Category: Markets
- Original: https://cointelegraph.com/news/riots-28b-ai-deal-lifts-shares-as-hut-8-faces-transition-costs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- Canonical: https://groundlevelnews.com/story/riot-shares-surge-on-28b-ai-lease-as-hut-8-sinks-on-revenue-miss-df36f8/

Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.

_Ground Level News shows a short summary only; the full article and all rights belong to Cointelegraph.com News._