Bitcoin Miner Adjusts Strategy with Major Sale
Riot Platforms, one of the larger Bitcoin mining operations, made a significant move in December 2025. They sold 1,818 Bitcoin for about $161 million. That brings their total Bitcoin holdings down to 18,005 BTC, which is worth roughly $1.7 billion at current prices.
I think this sale wasn’t exactly surprising if you’ve been following their strategy. They’ve used Bitcoin sales before to fund their operations and expansions. It’s part of their business model, really. They combine these sales with stock offerings to keep things moving forward.
Production Numbers Show Mixed Results
Their mining operations during December produced 460 Bitcoin. That’s actually up 8% from November, which seems positive. But if you look at the year-over-year comparison, it’s down 11% from December 2024. The company released these figures in their monthly operating data on Tuesday.
Their hash rate expanded to 38.5 EH/s, which is their deployed mining power. They also benefited from power and demand response credits totaling $6.2 million for the month. Their power costs dropped slightly to 3.9 cents per kilowatt hour, and their overall fleet efficiency improved compared to last year.
Reporting Changes Ahead
December marked something of a transition for Riot. They announced this would be their final monthly production update. Going forward, they’ll shift to quarterly reporting instead.
The focus will change too. Rather than just production numbers, they’ll concentrate more on overall business performance and their data center strategy. Perhaps this reflects a maturing approach as the company evolves beyond just mining metrics.
It’s interesting to see how mining companies balance holding Bitcoin versus selling it for operational needs. Riot seems to be finding its own path here, using their Bitcoin reserves strategically rather than just holding everything indefinitely.
Their approach might not work for every miner, but it appears to be serving their expansion goals. The shift to quarterly reporting suggests they want investors looking at the bigger picture rather than month-to-month fluctuations in Bitcoin production.
