Riot Platforms Sells 1,818 Bitcoins for $161.6 Million Amid Hashprice Decline
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Bitcoin Sale: Riot Platforms sold 1,818 Bitcoins for $161.6 million in December 2025, reflecting the company's strategic adjustments in response to declining Bitcoin prices and mining hash rates.
- Leadership Change: Jason Chung is set to be promoted to CFO in March 2026, succeeding Colin Yee, indicating a shift in key management roles to tackle market challenges.
- Hash Rate Increase: Despite the Bitcoin sale, Riot reported a 5% increase in hash rate, demonstrating the company's ongoing commitment to operational efficiency, which may support future market competitiveness.
- Market Adaptation Strategy: The sale reduced Riot's Bitcoin holdings by 7% while aligning with a $500 million equity offering aimed at meeting operational needs and addressing widespread financial pressures within the industry.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
