TLDR
- Riot Platforms sold 2,201 BTC in November and December 2025 totaling nearly $200 million.
- The company reduced its bitcoin holdings to 18,005 BTC by the end of 2025.
- Riot plans to use the proceeds to fund the first phase of its Corsicana AI data center.
- Matthew Sigel from VanEck said the BTC sale value aligns with Riot’s projected capital expenditure.
- Riot shares declined by 2% while bitcoin dropped by 1.2% on Tuesday.
Riot Platforms sold over $200 million worth of bitcoin during November and December 2025, lowering its total holdings to 18,005 BTC. The company disclosed that it sold 383 BTC in November and 1,818 BTC in December, generating over $198 million. This selling spree reduced its reserves while aligning with funding plans for data center infrastructure expansion.
Riot Platforms Offloads 1,818 BTC in December, 383 BTC in November
Riot Platforms sold 1,818 BTC worth $161.6 million in December, increasing its bitcoin liquidation efforts during year-end. In November, the company had sold 383 BTC for $37 million, marking a combined sale of 2,201 BTC. The transactions reduced Riot’s bitcoin balance to 18,005 BTC at year-end.
These sales come as Riot aligns operations with capital allocation targets, including a pivot to new infrastructure projects. Matthew Sigel of VanEck said the sold bitcoin matches the expected capital expenditure for Riot’s Corsicana project. He explained, “One winter of BTC sales equals funding Phase 1 of the AI data center pivot.”
Sigel pointed out that miners often liquidate BTC holdings to fund capex, especially when financial conditions become tighter. He linked this trend to pressure on bitcoin’s price during 2025, suggesting miners played a part in recent declines. Riot’s activity reflects this ongoing pattern in the sector.
AI Data Center Build-Out Tied to BTC Liquidations
Riot Platforms is using the funds raised from BTC sales to finance infrastructure projects, particularly the Corsicana facility in Texas. The first 112 MW core/shell build of the data center is scheduled for completion in Q1 2027. Riot has previously guided that the capex for this phase matches the recent bitcoin sale value.
The AI-driven facility marks Riot’s strategy to diversify and expand into broader computing services. This transition requires capital, and Riot has opted to fund it through BTC liquidation rather than debt. Riot’s decision underscores its focus on deploying capital toward scalable growth ventures.
Sigel highlighted the broader pattern of miners becoming large sellers to support infrastructure investment. This trend has been amplified by tightening credit and higher financing costs throughout 2025. The decline in bitcoin’s price during the same period aligns with increasing miner-driven supply.
Riot Ends Monthly Updates, Shifts to Quarterly Reporting
Riot Platforms announced the end of its monthly production and operations updates effective immediately. The company will now provide quarterly updates focusing on business performance, data center strategy, and bitcoin mining. This aligns with its evolving strategy and long-term planning.
The new communication cadence reflects Riot’s focus on overall operations rather than routine monthly mining disclosures. The company aims to better reflect the broader scope of its business in its public disclosures. Riot stated the shift will help align investor understanding with the company’s strategic direction.
As Riot expands its data center footprint, operational updates will capture diverse performance metrics. The quarterly updates will cover key milestones across bitcoin mining and high-performance computing. This new format intends to streamline investor communications.
On Tuesday, Riot shares fell 2% following the announcement, while bitcoin declined 1.2% to $92,500. The update comes as Riot completes a busy year of asset sales and infrastructure commitments. Market participants responded to both the operational shift and broader market conditions.
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