Riot offloads BTC worth $200M as miner funds AI expansion

Riot Platforms sells BTC to the tune of $200M in November and December 2025 to fund future AI expansion strategies

ContentsRiot Platforms sells BTC to meet AI infrastructureBitcoin production supports steady monthly salesHashrate and power credits show operational gainsThe miner of bitcoins had 18,005 BTC at the end of the year, following asset sales as planned.

Riot Platforms is a publicly traded company that mines Bitcoin, and in the last two months of 2025, it sold nearly 200 million worth of Bitcoin. The sales were also part of a plan to fund big data centers and artificial intelligence programs without increasing equity capital.

Matthew Sigel, the head of digital asset research at VanEck, stated that the proceeds were sufficient to launch the AI build-out of the Riot that was scheduled to be built in 2026 and 2027.

Riot Platforms sells BTC to meet AI infrastructure

Sigel provided information demonstrating that Riot sold 383 BTC in November at an approximate value of 37 million. The firm disposed of 1,818 BTC in December, which equated to approximately 161.6 million. The total sales amounted to almost 198.6 million.

Sigel wrote that the capital expenditure on the initial 112 MW phase of the Riot in Corsicana data center could be entirely covered by the amount. The firm anticipates that this phase will be accomplished in the first quarter of 2027.

The VanEck executive also reported that Bitcoin miners are the biggest sellers of BTC that fund AI initiatives. He also stated that the stricter credit requirements would compel the miners to sell more Bitcoin to cover the increasing expenses. As Sigel noted, the relationships between Bitcoin and Nasdaq became stronger in recent months.

Bitcoin production supports steady monthly sales

Riot generated 428 BTC in November with an average of 14.3 BTC per day. In December, production rose to 460 BTC with an average daily production of 14.8 BTC. The output increased 8% in December as compared to November, but was 11 percent lower than it was in December last year.

In November, the miner registered an average net sale price of 96,560 on a BTC basis. The average December sales stood at 88,700 per BTC.

Riot CEO Jason Les previously stated that the company decided to use monthly production as a way to finance AI-oriented activities. He indicated that the strategy lowers dependency on the issuance of equity and reduces the dilution of shareholders.

Hashrate and power credits show operational gains

In December, Riot was able to boost its hash rate by 5% month over month to 38.5 EH per second. The figure was an increment of 22% since December 2024.

The average operating hashrate increased to a low of 34.9 EH per second in December. This was an increase of 27% on a yearly basis.

During December, power and demand response credits increased drastically. The power credits also shot up to 4.9 million compared to 1 million in November. Demand response credits were flat at one point, three million. The total power credits had increased monthly by 171% to $6.2 million.

The all-in power at Riot dropped to 3.9 cents per kilowatt hour. The efficiency of the fleet was raised to 20.2 joules per terahash.

The company is still balancing between Bitcoin mining and the development of AI infrastructure. The change in the strategy indicates a larger-scale transition of miners to have an opportunity to rely on a stable revenue, not only on block rewards.