Riot Platforms Raises $200 Million from Bitcoin Sales to Fund AI Data Center Project
Riot Platforms (RIOT) sold 2,201 BTC in November and December 2025 for nearly $200 million, reducing its holdings to 18,005 BTC valued at approximately $1.65 billion. The sales were part of a strategy to fund the first phase of its Corsicana AI data center, targeting completion in Q1 2027.
Matthew Sigel from VanEck noted that the total amount from the sales aligns with the company's capital expenditure for the project. In December, Riot mined 460 BTC, an 8% increase month-over-month but down 11% year-over-year.
The firm's deployed hash rate increased by 5% to 38.5 EH/s. Riot plans to shift to quarterly reporting focused on business performance and data center strategy moving forward. The company's operational strategy includes selling BTC to finance ongoing growth and reduce reliance on equity financing.
