Large American mining company Riot Platforms announced that it sold 1,080 bitcoins in December 2025. The reason was the purchase of an 81-hectare parcel of land adjacent to its data center in Rockdale, Texas, for $96 million.
The company emphasized that it acquired ownership of the parcel, which Riot had held on a long-term lease. The acquisition was financed entirely with Riot's own funds.
Under its agreement with Advanced Micro Devices (AMD), Riot will provide its business partner with AI computing power by the end of May.
During subsequent infrastructure expansion, Riot plans to provide AMD with access to 200 MW, with an additional 700 MW of capacity. Founded in 2000 and based in Castle Rock, Colorado, Riot operates mining platforms in Texas and Kentucky and designs and manufactures power distribution equipment for mining companies.
Previously, experts at the American banking holding company JPMorgan stated that the Bitcoin mining industry is undergoing a cleansing phase:
Weak players without access to cheap electricity are leaving the market, while large companies, on the contrary, are increasing their presence. #HODLStrategy ld #solana ol #dash