Riot Platforms Wallet Moves $34M in Bitcoin as Listed Miners Continue Sales

Arkham flagged a 500 Bitcoin outflow from a wallet it attributes to Riot Platforms on Wednesday, in a possible sale the company had not publicly commented on by publication time.

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Juliet Ye, head of investor relations and communications at Cango, told Cointelegraph that the company would maintain its strategic roadmap despite the notice, and that it had been “proactively implementing cost optimization and efficiency enhancement measures over the past several months,” including divesting obsolete capacity and migrating to lower electricity cost regions.

She added that the recent completion of the two financing transactions, alongside “the adjustment of our treasury strategy,” served as concrete examples of measures to help address both the listing requirements and current market conditions.

Related: Bitcoin mining difficulty falls 7.7% as miner pressure persists

In January, crypto mining hardware maker Canaan Inc. disclosed a similar minimum-bid deficiency notice from Nasdaq after its American depositary shares stayed under the $1 threshold for 30 straight sessions, and it likewise had 180 days to cure the issue. 

Despite share price pressure, Canaan has continued expanding operations. The company’s Bitcoin reserves increased in Q1 2026, despite many peers offloading their holdings. Earlier in March, it also acquired a 49% stake in two Texas-based mining sites, part of its broader strategy to diversify geographically and strengthen US market exposure.

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