Riot Platforms Sells $161M in Bitcoin, Shifts to AI Data Centers
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Riot Platforms sold 1,818 Bitcoin in December for $161.6 million, achieving an average net price of $88,870, as it pivots from a pure mining focus to monetizing its power and data center infrastructure, including services for artificial intelligence workloads, the company said Tuesday.
As of Dec. 31, the company held 18,005 Bitcoin (BTC), including 3,977 restricted BTC, down from 19,368 BTC at the end of November. Riot produced 460 BTC during the month.
According to its regulatory filings, “restricted Bitcoin” refers to BTC owned by the company that has been pledged as collateral under debt facilities and is maintained in a segregated custody account.
Riot added that the December report will be its final monthly production and operations update. The company will transition to quarterly disclosures emphasizing overall business performance, data center strategy and progress, and Bitcoin mining.
Riot Platforms’ Bitcoin production update for December 2025. Source: Riot Platforms
In October, the company said Bitcoin mining was no longer its ultimate objective and outlined plans to repurpose its power infrastructure to support a proposed 1-gigawatt AI data center campus.
According to data from Bitcointreasuries.net, Riot ranks seventh among publicly listed companies by Bitcoin holdings.
Top 10 Bitcoin treasury companies. Source: Bitcointreasuries.net
AI and technology firms deepen partnerships with Bitcoin miners
Following the April 2024 halving, which reduced block rewards by half and increased the cost of mining, miners have increasingly pursued revenue streams beyond BTC production, with artificial intelligence computing emerging as a key area.
Because miners operate energy-intensive data centers and large-scale power infrastructure, the industry has attracted growing interest from AI and technology companies seeking access to electricity and high-performance computing capacity.
In August, Google became the largest shareholder of TeraWulf, holding about 14% of outstanding shares, after expanding a financial backstop tied to the miner. The backstop supports a 10-year colocation lease with Fluidstack, under which TeraWulf will provide data center capacity for AI workloads.
In September, Google acquired a 5.4% stake in Cipher Mining as part of a $3 billion, multi-year data center agreement involving Fluidstack, with Google guaranteeing $1.4 billion of Fluidstack’s obligations under a 10-year contract to lease computing capacity from Cipher.
In November, IREN signed a five-year, $9.7 billion GPU cloud services agreement with Microsoft to host Nvidia GB300 GPUs in its data centers. The same month, the top Bitcoin miner by market capitalization announced a $5.8 billion agreement with Dell Technologies to purchase GPUs and related equipment to support deployment.
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