Riot Platforms Sells $200M BTC: Funding AI or Desperation? 🤔

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In the quiet desperation of year-end financial planning, Riot Platforms-miners of digital gold and purveyors of large-scale data centers-chose to liquidate 1,818 bitcoin in December and 383 in November, netting roughly $200 million. A fiscal ballet, one might say, though the audience includes only accountants and bears. Their BTC balance now stands at 18,005 coins, a number that likely haunts them like a bad poem.

Matthew Sigel of VanEck, with the solemnity of a man explaining why the sky is falling, suggested these sales might fund Phase 1 of Riot’s Corsicana AI data center. “One winter of BTC sales,” he declared, “equals the entire capex for 112 MW of core/shell build.” A triumph of prioritization-or a cry for help disguised as strategy? Only time will tell, or perhaps only a therapist.

Sigel further opined that miners, in their infinite wisdom, have become the largest marginal sellers of BTC while funding AI ventures. “Credit conditions tighten,” he sighed, “so we sell our dreams for servers.” A touching metaphor, if one ignores the fact that Bitcoin’s 2025 decline might now be a self-fulfilling prophecy. Or, as the market might whisper, “Of course you sold in a downturn. How very… human.”

Riot shares fell 2% Tuesday, mirroring Bitcoin’s 1.2% retreat to $92,500. A synchronized dip, perhaps? One can almost hear the boardroom laughter: “Ha! We’re so aligned!” 📉💸🤖

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2026-01-06 21:45