Bitcoin Miner Riot Adds New Board Member to Push AI Pivot

Bitcoin (BTC) miner Riot Platforms appointed three new directors to its board as it explores potential opportunities in artificial intelligence (AI) and high-performance computing (HPC).

The additions include Michael Turner, former president of Oxford Properties and küresel head of real estate at OMERS, one of Canada’s largest pension funds, alongside Jaime Leverton, ex-CEO of Hut 8 Mining (HUT), and Doug Mouton, a veri center development veteran from Microsoft and Meta, the company said in a release on Thursday.

The appointments come as Riot considers repurposing its mining infrastructure, particularly its Corsicana Facility in Texas, for AI workloads, and has tapped investment banks Evercore and Northland Capital Markets to assist with this transition.

Riot’s move follows a broader industry trend as miners seek new revenue streams amid rising energy costs and lower mining rewards after the recent Bitcoin halving.

CoinDesk reported in October that Core Scientific (CORZ), one of RIOT’s rivals, has been building AI-focused infrastructure since 2019.

İlginizi Çekebilir:WazirX Creditors Back Restructuring Plan to Payback $230M Hack Victims
share Paylaş facebook pinterest whatsapp x print

Benzer İçerikler

Marmara Bölgesinde Ne Yenir?
Marmara Bölgesinde Ne Yenir?
Major U-Turn in Crypto Markets Sends Bitcoin Back Below $87K
Alabama Man to Plead Guilty in Bitcoin-Focused SEC X Account Hack
Ethereum Developers Finally Schedule ‘Pectra’ Upgrade
Harris and Trump Bets Near Even Odds Ahead of U.S. Election Day as ‘Voter Fraud’ Rumors Swirl
Zürih Hangi Ülkenin Başkenti?
Zürih Hangi Ülkenin Başkenti?
İvedik Oto Tamir | © 2025 |
404 Not Found

404

Not Found

The resource requested could not be found on this server!


Proudly powered by LiteSpeed Web Server

Please be advised that LiteSpeed Technologies Inc. is not a web hosting company and, as such, has no control over content found on this site.