Riot Platforms, Inc. (NASDAQ: RIOT) reaffirmed its strategy of financing capital expenditures through Bitcoin sales, according to comments made Monday by Executive Vice President Jason Chung during the company’s fourth-quarter earnings call.
Chung explained that Riot will continue selling its monthly Bitcoin production and may also liquidate holdings directly from its balance sheet to meet operational costs and fund expansion. He pointed to the company’s $96 million acquisition of the Rockdale site, which was fully financed through the sale of nearly 1,100 BTC from its treasury, as a clear example of this approach in action.
Combining Bitcoin Sales With Low-Cost Capital
Beyond asset sales, Chung highlighted that Riot’s strategic shift toward data center development has unlocked access to new forms of lower-cost capital. The company is exploring non-dilutive debt instruments alongside Bitcoin treasury sales, aiming to strike what it views as the most shareholder-accretive balance between liquidity and growth.
Management believes this blended financing strategy — combining Bitcoin monetization with structured debt — positions Riot to scale operations while limiting equity dilution.
Financial Performance and Market Position
For the fourth quarter, Riot reported a loss of $2.03 per share on revenue of $152.83 million. Despite the quarterly loss, full-year 2025 revenue surged 71%, largely driven by a $255.3 million increase in Bitcoin mining revenue.
According to data from BitcoinTreasuries.net, Riot is currently the seventh-largest corporate holder of Bitcoin, with 18,005 BTC valued at approximately $1.2 billion at current prices.
At the time of reporting, Bitcoin was trading near $68,172, up 3.45% over the past 24 hours, based on figures from Benzinga Pro. Riot shares closed 0.86% higher at $16.43 during regular trading on Monday but slipped 3.10% in overnight trading on Robinhood.
Despite short-term volatility, the stock continues to show strength across multiple timeframes, supported by a high momentum rating in market performance rankings.
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