Riot CEO's sale of 11.2 million dollars worth of shares at this pace, AI narratives are popular again but can't stop insiders from cashing out first.

Crypto World News reports that Riot Platforms CEO Jason Les recently disclosed via SEC Form 144 that he plans to sell 250,000 shares of Riot common stock under a Rule 10b5-1 pre-arranged trading plan set to be established in August 2025, with a market value of approximately $7.03 million. Previously, Les had also disclosed the sale of 175,000 shares, valued at approximately $4.2 million, under the same plan; together, the two transactions total approximately $11.2 million. The report says Riot’s stock price briefly broke above $30 on Monday, and it has risen more than double since the start of the year, partly driven by the AI infrastructure concept.