Bitcoin miner Riot Platforms (RIOT) raised $200 million via BTC sales

Bitcoin mining company Riot Platforms sold a total of $181.6 million (1,818 BTC) and $37 million (383 BTC) in November 2025, totaling $200 million in sales during the last two months of the year. This reduced Riot’s BTC balance to 18,005 BTC by year-end 2025. Matthew Sigel, head of digital assets research at VanEck, suggested these sales were likely funding the company's capital expenditure (capex) for its AI data center pivot, specifically the core/shell build at Corsicana, which is targeted for Q1 2027 completion. Sigel noted that the amount sold roughly equals the guided capex for Phase 1 of the AI build-out, linking the AI trade and Bitcoin sales by miners who act as marginal sellers to finance AI infrastructure, especially amid tighter credit conditions.

(Source：CoinDesk)