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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Riot Platforms, the second-largest publicly traded Bitcoin miner, sold 475 BTC worth $38.8 million in December as mining profits narrow post-halving. The firm’s strategic sell-off aims to reduce shareholder dilution while navigating rising operational costs. Bitcoin’s price volatility and increased mining difficulty further squeeze industry margins.
- Riot Platforms sold Bitcoin at an average price of $81,731 per coin, reducing reliance on equity financing to avoid shareholder dilution.
- Bitcoin mining difficulty hit 120 trillion hashes in May 2025, a 35% YoY increase, exacerbating profitability challenges post-halving.
- The firm retains 19,211 BTC ($1.8B) on its balance sheet despite the sell-off, highlighting its long-term crypto holdings amid short-term cash needs.
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