Sigel makes raising AI capital look easy

Riot Platforms, a publicly traded Bitcoin mining company, sold nearly $200 million worth of Bitcoin in the last two months of 2025 to close the year with a balance of 18,005 BTC. Matthew Sigel, the head of digital asset research at VanEck, suggested that the proceeds from the BTC sales were just enough to kickstart Riot’s 2026-27 AI build-out. A snapshot report shared on social media by Sigel revealed that the company sold 383 BTC in November 2025 for approximately $37 million and 1,818 BTC in December for roughly $161.6 million, an 8% increase MoM. The total BTC sales over the two months amounted to approximately $198.6 million, which Sigel believes can cover the entire capital expenditure (capex) Riot has set aside for the first 112 MW data center build at Corsicana. Riot expects to complete the project in the first quarter of 2027. Sigel makes raising AI capital look...

https://www.cryptopolitan.com/riot-platforms-offloads-btc-200m/