tags. We'll translate the text inside.
Let's go paragraph by paragraph:
First paragraph: "Riot Platforms has signed a $9.1 billion lease with Anthropic for 191 megawatts at its Rockdale, Texas campus, a 20-year deal that could stretch to $16.1 billion with extensions. The Bitcoin miner is selling its coin reserves to fund the AI buildout, and the market is rewarding the shift."
Translation: "Riot Platforms đã ký hợp đồng thuê trị giá 9,1 tỷ USD với Anthropic cho 191 megawatt tại khuôn viên Rockdale, Texas, một thỏa thuận kéo dài 20 năm có thể tăng lên 16,1 tỷ USD nếu gia hạn. Công ty khai thác Bitcoin đang bán dự trữ coin của mình để tài trợ cho việc phát triển AI, và thị trường đang đền đáp cho sự chuyển hướng này."
Second paragraph: "
The lease and the numbers
" -> "
Hợp đồng thuê và các con số
"
Then: "The agreement covers 191 megawatts of capacity at Riot's Rockdale site, with the base contract worth $9.1 billion over two decades. If all extension options are exercised, the total value could reach $16.1 billion. CEO Jason Les said the company has now executed leases totaling 241 megawatts, representing roughly $9.8 billion of long-term contracted revenue with two AI companies."
Translation: "Thỏa thuận bao gồm 191 megawatt công suất tại khu vực Rockdale của Riot, với hợp đồng cơ bản trị giá 9,1 tỷ USD trong hai thập kỷ. Nếu tất cả các tùy chọn gia hạn được thực hiện, tổng giá trị có thể đạt 16,1 tỷ USD. CEO Jason Les cho biết công ty đã ký các hợp đồng thuê tổng cộng 241 megawatt, đại diện cho khoảng 9,8 tỷ USD doanh thu hợp đồng dài hạn với hai công ty AI."
Third paragraph: "That's a big number for a company that, until recently, was known mostly for mining Bitcoin. The leases give Riot a predictable revenue stream that doesn't depend on the price of BTC."
Translation: "Đó là một con số lớn đối với một công ty mà cho đến gần đây vẫn được biết đến chủ yếu với việc khai thác Bitcoin. Các hợp đồng thuê mang lại cho Riot một nguồn doanh thu có thể dự đoán được mà không phụ thuộc vào giá BTC."
Fourth paragraph: "
The Bitcoin drawdown
" -> "
Sự sụt giảm Bitcoin
" or "Việc rút Bitcoin" - but "drawdown" here means selling off, so maybe "Việc bán tháo Bitcoin" but it's more like "giảm dự trữ". Actually, "drawdown" in finance means reduction in holdings. We can say "Việc giảm nắm giữ Bitcoin" or "Việc bán Bitcoin". But we'll keep it natural: "Việc bán Bitcoin" might be too direct. Maybe "Việc rút vốn từ Bitcoin" but let's think. The heading is "The Bitcoin drawdown" - so we can translate as "Sự sụt giảm Bitcoin" but that might be ambiguous. Better: "Việc giảm dự trữ Bitcoin" or "Việc bán bớt Bitcoin". Since the paragraph talks about selling, we can use "Việc bán Bitcoin" but it's not exactly that. Actually, "drawdown" in this context means the reduction in Bitcoin holdings. So "Sự giảm nắm giữ Bitcoin" might be accurate. Let's use "Việc giảm nắm giữ Bitcoin" but that's a bit long. Alternatively, "Việc bán Bitcoin" is simpler but the paragraph also says "sold monthly output and tapped treasury reserves" so it's selling. I'll use "Việc bán Bitcoin" but to be precise, maybe "Việc giảm dự trữ Bitcoin". Let's see: The heading is "The Bitcoin drawdown" and in the paragraph it says "Bitcoin holdings fell from 15,680 BTC to 11,380 BTC" so it's a reduction. I'll translate as "Việc giảm nắm giữ Bitcoin" but that's not very catchy. Maybe "Sự sụt giảm Bitcoin" is okay. Actually, in Vietnamese financial context, "drawdown" often refers to "sự sụt giảm" or "sự rút vốn". But here it's specifically about Bitcoin holdings. I'll use "Việc bán Bitcoin" because the paragraph is about selling. But the heading is "The Bitcoin drawdown" so we need to convey that it's a reduction. I'll go with "Việc giảm dự trữ Bitcoin" but that's a bit wordy. Alternatively, "Sự giảm Bitcoin" is not standard. Let's check: In the article, it says "The Bitcoin drawdown" - I think we can translate as "Sự sụt giảm Bitcoin" but that might imply price drop. Actually, it's about holdings. So "Việc giảm nắm giữ Bitcoin" is accurate. But for simplicity, we can use "Việc bán Bitcoin" because the context is clear. I'll use "Việc bán Bitcoin" but let's see the paragraph: "To pay for the AI infrastructure, Riot has been selling its hoard." So it's selling. So "Việc bán Bitcoin" is fine. However, the heading is "The Bitcoin drawdown" so we might want to keep it as "Sự sụt giảm Bitcoin" but that could be misinterpreted. I'll go with "Việc bán Bitcoin" but to be precise, maybe "Việc giảm dự trữ Bitcoin" is better. Let's decide: I'll use "Việc giảm dự trữ Bitcoin" for accuracy, but it's a bit long. Alternatively, "Sự rút lui Bitcoin" doesn't make sense. I'll go with "Việc bán Bitcoin" because it's clear from the context. But to match the original, it's "The Bitcoin drawdown" so maybe "Sự sụt giảm Bitcoin" is acceptable. Actually, in financial news, "drawdown" is often translated as "sự sụt giảm" or "sự rút vốn". But here it's specifically about Bitcoin holdings. I'll use "Việc giảm nắm giữ Bitcoin" but that's too long. Let's just use "Việc bán Bitcoin" because the paragraph explains it. I'll go with that.
Now the paragraph: "To pay for the AI infrastructure, Riot has been selling its hoard. Bitcoin holdings fell from 15,680 BTC to 11,380 BTC in the second quarter, a drawdown of 4,300 coins. The company sold monthly output and tapped treasury reserves to fund construction. Mining revenue still came in at $113.7 million for the quarter, but the leasing business is clearly the new focus."
Translation: "Để trả cho cơ sở hạ tầng AI, Riot đã bán bớt kho dự trữ của mình. Nắm giữ Bitcoin giảm từ 15.680 BTC xuống 11.380 BTC trong quý hai, giảm 4.300 coin. Công ty đã bán sản lượng hàng tháng và sử dụng dự trữ ngân quỹ để tài trợ cho việc xây dựng
