Riot Platforms sold 11.1 million shares of Bitfarms on Monday, worth $15.1 million, reducing its stake to below 5%. This year, they have sold a total of 64.4 million shares at a loss.

The internal strife among mining companies has escalated, and Riot's recent divestment seems like a damage control strategy, selling at an average cost of $2.24 for $1.11, resulting in massive losses but also freeing up cash.

Combined with Compass's newly operational 10MW mining site, the industry reshuffling is accelerating.

I think Riot's actions are too hasty; BTC mining is recovering, and Australia's Monochrome ETF has surpassed 1000 BTC in holdings, indicating rising demand.

Short-term volatility in mining stocks is significant, but the long-term outlook is positive. It is recommended to wait until BTC stabilizes at $113k before picking up bargains.