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Riot Platforms Sells $161 Million in Bitcoin to Optimize Operations

Riot Platforms Sells $161 Million in Bitcoin to Optimize Operations

Riot Platforms’ December BTC liquidation reduced reserves to 18,005 BTC, with sales revenue surging despite lower average prices, supporting capital-intensive expansion projects amid tight financing conditions.

BTC

Fact Check
The assessment is "likely_true" with high confidence due to strong corroboration across multiple credible sources. Several sources directly support the statement. Specifically, CryptoBriefing and ValueTheMarkets explicitly report that Riot Platforms sold 1,818 BTC for $161 million, citing the company's official update. This is further strengthened by a high-authority source, Yahoo Finance, which confirms the quantity of 1,818 Bitcoin sold, a key component that aligns with the claimed dollar value. While the provided summary for the primary source (Riot's official release) is incomplete and doesn't mention the sale value, the secondary sources that do mention it consistently cite that official update, indicating the information originates from there. There are no contradictions in the evidence; sources that do not mention the sale simply have incomplete information rather than conflicting reports. The recurring "December 2025" date appears to be a consistent typographical error across platforms and does not invalidate the financial figures. The high degree of consistency in the specific numbers across independent financial and crypto news outlets makes the statement highly credible.
Summary

In December 2025, Riot Platforms mined 460 BTC, up 8% from November’s 428 BTC. The company sold 1,818 BTC for $161.6 million at an average price of $88,870, 8% below November’s average, but total revenue increased 337% month-on-month. These sales lowered reserves from 19,368 BTC to 18,005 BTC and align with Riot’s strategy to fund expansion projects, such as the Corsicana AI data center, amid tightening credit markets.

Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, representing the cryptocurrency used in blockchain transactions.
  • Bitcoin mining: The process of validating transactions and creating new Bitcoin using computing power.
  • AI initiatives: Company-led efforts to develop or expand artificial intelligence capabilities, often requiring significant capital and infrastructure.