Riot Platforms Sells $161M in Bitcoin in December as it Shifts Strategy
Riot Platforms sold $161.6 million in Bitcoin during December while pivoting its strategy from mining to monetizing infrastructure for AI workloads.Summary
Riot Platforms sold 1,818 Bitcoin in December for $161.6 million, realizing an average net price of $88,870 per coin, as part of a strategic shift away from solely Bitcoin mining toward monetizing its power and data center infrastructure, including support for artificial intelligence workloads. As of December 31, the company held 18,005 BTC, down from November, having produced 460 BTC during the month. Riot also announced that its December update would be the final monthly production report, moving to quarterly disclosures focused on overall business performance and data center strategy. This shift aligns with a broader industry trend where Bitcoin miners, facing higher costs post-halving, are seeking additional revenue streams by leveraging their energy-dense data centers to serve the growing needs of AI and technology companies for high-performance computing capacity.
(Source：Cointelegraph)