Riot publishes final monthly update, reports 460 BTC mined in December

Core Insights - Riot mined 460 bitcoin in December 2025, achieving a 337% increase in net proceeds from Bitcoin sales compared to November 2025, with net proceeds totaling $161.6 million from the sale of 1,818 Bitcoin [1] - The company is transitioning to a quarterly reporting schedule, marking the final monthly operational update [1] Financial Performance - Riot's deployed hash rate increased to 38.5 EH/s in December, a 5% rise from 36.6 EH/s in November, with a fleet efficiency of 20.2 J/TH [2] - The company held 18,005 Bitcoin at the end of 2025, which includes 3,977 restricted Bitcoin, reflecting a 7% decrease from the previous month due to sales in December [2] - Riot earned $6.2 million in power credits in December, marking a 171% increase compared to November [2] Executive Changes - Significant executive changes were announced, including the appointment of Jason Chung as the new chief financial officer [3] - The company increased the base salaries for its CEO and executive chairman while removing a base compensation perk of 10 BTC for both executives [3] Equity Offering and Analyst Ratings - Riot established a new at-the-market equity offering for $500 million on December 31, 2026 [4] - JP Morgan issued an overweight rating for Riot on December 18, setting a price target of $20, and projected that Riot could sign a 600 megawatt colocation deal by the end of 2026 [4]