Riot Platforms Sells Bitcoin to Fund AI Data Centers
Riot Platforms (RIOT), the publicly traded bitcoin miner and data center operator, stepped up year-end bitcoin sales, offloading 1,818 BTC ($161.6 million) and 383 BTC ($37 million) in November. The moves reduced its holdings to 18,005 BTC by the end of 2025.
Matthew Sigel, VanEck’s head of digital assets research, said the sales likely support Riot’s AI infrastructure plans. He noted the volume sold “roughly equals the full capex Riot has planned for the first 112 MW core/shell build at Corsicana, set to finish in Q1 2027,” meaning one season of BTC sales could fund Phase 1 of the AI data center pivot.
Sigel added that bitcoin miner sales and AI investments are increasingly linked, especially under tighter credit conditions, a factor that may have influenced bitcoin’s 2025 decline.
On Tuesday, Riot shares fell 2%, while bitcoin dropped 1.2% to $92,500.
