Riot Platforms sold 1,818 Bitcoin in December for $161.6 million at an average net price of $88,870, reflecting a broader strategic shift away from Bitcoin mining as its core objective.
The company said it produced 460 Bitcoin during the month and ended December with 18,005 Bitcoin on its balance sheet, including 3,977 BTC classified as restricted and pledged as collateral under debt facilities.
Riot also confirmed that December marked its final monthly production and operations update, as it transitions to quarterly reporting focused on overall business performance and data center strategy.
In October, the company outlined plans to repurpose its large-scale power infrastructure to support a proposed 1-gigawatt artificial intelligence data center campus.
As Bitcoin mining costs have increased following the April 2024 halving, miners are increasingly seeking new revenue sources. Riot ranks seventh among publicly listed companies by Bitcoin holdings and is positioning itself to benefit from growing demand for AI computing and energy-intensive workloads.
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