Bitcoin Miner Riot Platforms Dumped Nearly $200 Million in BTC
Riot Platforms, a publicly traded Bitcoin miner, sold 2,201 BTC between November and December 2025, generating nearly $200 million in proceeds. The firm ended the year with 18,005 BTC valued around $1.65 billion—placing it among the top 10 public BTC holders. Its year-end Bitcoin holdings were about 1,300 BTC below its October level and only slightly higher than the previous year’s balance, contrasting with 2024, when Riot sold no Bitcoin and significantly increased its holdings. The recent sales are intended to fund the initial phase of a major AI data center buildout in Corsicana, Texas, reflecting a strategic pivot toward artificial intelligence and a “power-first strategy.” This approach involves transitioning away from exclusive dependence on Bitcoin mining to monetizing its power portfolio through data centers supporting AI. Riot’s shift mirrors a broader trend among Bitcoin miners—including CleanSpark, MARA, Bitfarms, Cipher Mining, and Hut 8—who are increasingly investing in AI and cloud technologies. Riot’s stock has risen over 23% in the past six months, with Bitcoin also showing strong recent performance.
