Riot Platforms moved $200 million of bitcoin off its books in the closing months of 2025.

Riot Platforms Sells Bitcoin to Finance AI Data Center Expansion

Riot Platforms (RIOT), the publicly traded bitcoin miner and data center operator, increased year-end bitcoin sales, offloading 1,818 BTC ($161.6 million) and 383 BTC ($37 million) in November. This reduced its holdings to 18,005 BTC by the close of 2025.

Matthew Sigel, head of digital assets research at VanEck, suggested the sales were likely funding Riot’s AI infrastructure projects. He noted the amount sold “roughly equals the full capex planned for the first 112 MW core/shell build at Corsicana, scheduled for Q1 2027,” meaning one season of BTC sales could fund Phase 1 of the AI pivot.

Sigel added that miner BTC sales and AI investments are increasingly connected, particularly when credit conditions tighten—a factor that may have contributed to bitcoin’s 2025 decline.

On Tuesday, Riot shares fell 2%, while bitcoin slid 1.2% to $92,500.