Riot Platforms Sells 1,818 Bitcoins in December for $161.6 Million
- Record Bitcoin Sale: In December, Riot sold 1,818 Bitcoins for $161.6 million, marking the miner's largest single-month sale and reducing its holdings from 19,368 to 18,005 Bitcoins, reflecting a strategic liquidity management approach amid pressures from Bitcoin mining hash prices nearing cycle lows.
- Price Fluctuation: The average sale price was $88,870 per Bitcoin, down 8% from November's $96,560, yet total sales proceeds surged 337% month-over-month, indicating market demand volatility and the company's adaptability in challenging conditions.
- Production and Holdings Shift: Riot produced 460 Bitcoins in December, an 8% increase from November but an 11% year-over-year decline, marking the company's third net reduction in treasury holdings during 2025, which reflects adjustments in production strategies to respond to market changes.
- Capital Expenditure and Strategic Shift: The $198.6 million raised in November and December will fund Riot's 112-megawatt AI data center, targeting completion in Q1 2027, indicating a strategic pivot towards data center development to mitigate pressures from declining Bitcoin mining margins.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00933 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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