Riot CEO Sells Another $7M as Bitcoin Miner Stock Surges

Riot Platforms (NASDAQ: RIOT) CEO Jason Les has sold another $7 million worth of company stock under a prearranged trading plan.

The sale, which was disclosed in a Form 144 filing with the U.S. Securities and Exchange Commission on Monday, consisted of 250,000 shares with an aggregate market value of approximately $7.03 million.

This is not the first time Les has sold stock under this plan: he also sold 175,000 shares valued at around $4.2 million in May, bringing his total sales to about $11.2 million since Riot's shares began climbing on growing investor enthusiasm for power-rich bitcoin miners.

Riot shares briefly climbed above $30 on Monday before retreating below $29, closing the session up 1.9%. The stock has more than doubled this year as investors have re-rated bitcoin miners with large-scale power portfolios as potential beneficiaries of the AI infrastructure boom.