Riot Platforms Achieves Record Bitcoin Sale Amid Mining Profitability Struggles

08.01.2026 19 times read 0 Comments

Riot Platforms Reports Record Bitcoin Sale Amidst Mining Profitability Challenges

Riot Platforms has announced a record sale of 1,818 Bitcoin for $161.6 million in December, marking the largest monthly sale in the company's history. This sale reduced its Bitcoin holdings from 19,368 to 18,005 BTC, with an average selling price of $88,870 per Bitcoin. The company’s Bitcoin production for December was 460 BTC, reflecting an 8% increase from November but an 11% decrease compared to December 2024.

"The sale occurs in an environment of significantly declining mining revenues," Riot stated in its press release.

Riot's operational hash rate increased by 1% to 34.9 exahashes per second, while the average hash rate reached 38.5 exahashes per second, a 5% increase from the previous month. The company also reported $6.2 million in credit revenues, a 171% increase from November, which partially offset rising energy costs during peak demand periods.

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Key Takeaways:

  • Riot sold 1,818 BTC for $161.6 million in December.
  • Average selling price was $88,870 per Bitcoin.
  • Bitcoin production in December was 460 BTC, an 8% increase from November.

Bitcoin Miner Wallet Holds 4,165 BTC Without Selling

An anonymous Bitcoin miner wallet has accumulated 4,165 BTC since 2016 without executing a single outgoing transaction. This wallet, valued at approximately $375 million, exemplifies the discipline of long-term holders in a market characterized by volatility and emotional trading.

The miner's strategy highlights the importance of conviction over market timing, as the wallet has remained inactive despite significant price fluctuations and market narratives. This behavior is rare among investors, especially during periods of extreme market conditions.

Key Takeaways:

  • The wallet has not moved any Bitcoin since 2016.
  • It holds 4,165 BTC, valued at around $375 million.
  • This case illustrates the discipline of long-term holders in the cryptocurrency market.

Riot Platforms Sells Nearly $200 Million in Bitcoin in Late 2025

Riot Platforms sold Bitcoin worth nearly $200 million in November and December 2025, concluding the year with a total of 18,005 BTC. The sales included 383 BTC for approximately $37 million in November and 1,818 BTC for about $161.6 million in December, with total sales reaching around $198.6 million.

Matthew Sigel, Head of Digital Asset Research at VanEck, indicated that the proceeds from these sales were sufficient to fund Riot's AI expansion plans for 2026-27. The company increased its hash rate by 5% in line with its strategic production and sales to finance its AI systems.

Key Takeaways:

  • Riot sold Bitcoin worth nearly $200 million in late 2025.
  • Sales included 383 BTC in November and 1,818 BTC in December.
  • The company plans to use proceeds to fund AI development.

Sources:

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Article Summary

Riot Platforms reported a record sale of 1,818 Bitcoin for $161.6 million in December amid declining mining revenues, while an anonymous miner wallet has held 4,165 BTC since 2016 without selling. The company's sales are aimed at funding its AI expansion plans for the coming years.

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