#密码资产动态追踪 Riot Platforms has recently undergone a 180-degree turn. Last year, throughout 2024, they were staunch holders, never selling a single Bitcoin, and even bought an additional $500 million worth of BTC. However, in November and December of this year, they suddenly dumped a large amount—liquidating 2,201 Bitcoins over two months, cashing out nearly $200 million. Their BTC holdings dropped from 19,324 in October to 18,005, with only a 293 increase over the entire year. This shift is indeed quite dramatic.

Why do this? Industry insiders analyze that it’s not due to liquidity issues but rather to lay the groundwork for AI transformation. By releasing liquidity from their BTC holdings, these mining companies are positioning themselves to focus on more profitable ventures—namely, AI computing infrastructure. After all, the costs of Bitcoin mining are rising in 2025, squeezing profit margins, but these miners’ large-scale power supply, cooling systems, and cheap electricity resources are exactly what AI computing centers need most.

Riot’s move is not an isolated case. Entire industry players are doing the same—shifting from pure mining to becoming digital infrastructure service providers. In the short term, this may put some selling pressure on the BTC market, but in the long run, when crypto and AI computing power truly merge, that will be the major future track.