Riot control platforms explore the diversification of artificial intelligence revenues, as bitcoin transactions are hovering at a decrease in 12 months

Riot Bitco Mineer explores the diversification of revenues in artificial intelligence and HPC, and joining the increasing direction of miners who adhered to their infrastructure for artificial intelligence applications where bitcoin network transactions hover at a decrease of 12 months.

On February 13, Bitcoin (BTCRiot platforms Declare It is looking into possible partnerships in the sectors of artificial and self -computing. The company plans to increase AI and HPC applications at the Corsicana facility in Navarro Province, Texas. “We are excited to continue developing the HPC assessment of the HPC assessment because we are seeking to increase the value of the entire root portfolio,” CEO Jason Les said in a statement.

To support this initiative, Riot appointed three new managers on the board of directors. Jaime Leverton, CEO of HUT 8 Mining and Doug Mouton, a former senior engineer in Meta, Michael Turner, real estate investment expert. Benjamin Yi, CEO of Riot, said: “Jaime, Doug and Michael brings supplementary experience to the council that will be applied immediately as we continue to evaluate the best way to increase the value of our unique assets to the maximum.”

However, riots have admitted that there is no guarantee that its current assets are suitable for converting to AI or HPC infrastructure. The company also noted that there may be challenges in negotiating financial conditions for any possible partnerships or achieving a large value of AI/HPC investments.

This step comes from Riot amid an increasing direction between Bitcoin miners to expand their operations in sectors that exceed encryption mining, especially with the decrease in the activity of Bitcoin in recent months. With Bitcoin transactions currently hovering at the lowest level in 12 months, according to data from MassMining companies are looking for new ways to generate revenue.

Many have already begun to reuse the computing infrastructure of artificial intelligence applications. According to Digital Mining Solutions and Bitcoinminingstock.IO reportThat many BTC miners who have the maximum market of at least $ 100 million have already achieved significant revenues from artificial intelligence initiatives and HPC. For example, 8 mining cottage I mentioned that artificial intelligence revenues and HPC account for approximately 8 % of their total revenues in the first three quarters of 2024.