Largest Monthly BTC Sale Highlights Mining Profit Pressure and Strategic Shift
Riot Platforms sold 1,818 BTC in December 2025 for $161.6 million, reducing its bitcoin holdings to 18,005 BTC from 19,368 BTC in November, according to the company’s latest monthly production update. The sale, marking Riot’s largest single-month bitcoin liquidation of 2025, occurred as the mining hashprice hovered near cycle lows, pressuring profitability.
The company realized an average sale price of $88,870 per BTC, down 8% from November’s $96,560, though total proceeds rose 337% month-over-month. Riot’s bitcoin production totaled 460 BTC in December, up 8% from November but down 11% from December 2024.
Operationally, Riot continues to expand its network. Deployed hashrate averaged 38.5 EH/s, up 5% month-over-month and 22% year-over-year, while average operating hashrate reached 34.9 EH/s. Power credit earnings surged to $6.2 million, helping offset elevated energy costs.
The BTC sale coincided with Riot’s reset of its at-the-market equity program, expanding potential share sales to $500 million from a prior $150 million capacity. The company will also transition from monthly to quarterly operational updates, reflecting a broader strategic shift. Other miners, including CleanSpark, employed similar treasury management tactics in December.
Meanwhile, other major miners employed similar treasury management strategies in December. CleanSpark announced Tuesday that it sold 577 BTC last month, generating $51.5 million in proceeds at an average price of $89,210 per bitcoin. The Nevada-based miner said it produced 622 BTC during the period and held 13,099 BTC in its treasury as of Dec. 31.
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