Riot Platforms liquidated $200 million worth of bitcoin during the final two months of 2025.

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The head of digital assets at VanEck indicated that bitcoin sales are becoming more interconnected with the AI sector as miners finance infrastructure expansions.

Mining machines (Sandali Handagama)

Key points:

  • Riot Platforms liquidated 1,818 bitcoin in December and 383 in November, bringing in around $200 million and lowering its holdings to 18,005 coins.
  • Matthew Sigel from VanEck mentioned that these sales might completely finance the initial phase of Riot’s Corsicana AI data center project.

Riot Platforms (RIOT), a publicly traded firm that builds and operates extensive data centers, increased its bitcoin sales at the year’s end, selling 1,818 BTC ($161.6 million) and 383 BTC ($37 million) in November. By the conclusion of 2025, Riot’s bitcoin inventory was reduced to 18,005 BTC.

Although bitcoin miners may sell their coins for various motives, Matthew Sigel, head of digital assets research at VanEck, proposed that the funding for the company’s AI expansion could be a factor. He pointed out that the volume sold is “approximately the total capital expenditure that Riot has projected for the first 112 MW core/shell development at Corsicana, aiming for completion in Q1 2027. In essence, one winter of BTC sales equates to financing Phase 1 of the AI data center initiative.”

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Sigel further stated that there is a growing connection between the AI sector and bitcoin, arguing that miners have become some of the most significant marginal sellers of BTC as they finance AI-related capital expenditures, particularly when credit conditions become more restrictive. This could potentially be one of several factors contributing to bitcoin’s decline in 2025.

On Tuesday, Riot shares fell by 2%, coinciding with a 1.2% dip in bitcoin’s price to $92,500.