Bitcoin Minor riot platforms are searching for revenue diversification in AI and HPC, joining the growing trend of miners adopting their infrastructure for AI applications, as the bitcoin network transactions are hover on 12-mahine.
On 13 February, Bitcoin (BTC) Minor Riot Platform Announced It is looking at the possible participation within Artificial Intelligence and High-performance computing sectors. The company has planned to increase the evaluation for AI and HPC applications in its coursikana facility in Navaro County, Texas. CEO Jason Les said in a statement, “We are excited to carry forward our AI/HPC evaluation process as we want to maximize the price for our entire portfolio.”
To support this initiative, the riot has appointed three new directors on its board. Jaime Leverton, Hut 8 Mining CEO, a former senior engineer in Meta, Dug Motton, and a real estate investment expert Michael Turner. Banjamin Yi, the executive president of the riot, said: “Jam, Doug and Michael Board bring supplementary expertise that will immediately come into force because we continue to assess how the best to maximize the value of our unique property is the best. “
However, the riot admitted that there is no guarantee that its current property is also suitable for adaptation to AI or HPC infrastructure. The company also noted that there may be challenges in interacting on economicly favorable terms or realizing the important value from AI/HPC investment for any possible partnership.
This move of the riot comes amid a growing trend among bitcoin miners to expand its operations in areas beyond crypto mining, especially bitcoin network activity has declined in recent months. Bitcoin is currently hovering at 12 months less with transactions, according to data the blockMining firms are looking for a new route to generate revenue.
Many people have already started to resume their computing infrastructure for AI applications. As Digital mining solutions and bitcoinminingstock. ReportMany BTC miners with a market cap of at least $ 100 million have already generated adequate revenue from their AI and HPC initiatives. For example, Hut 8 mining reported that AI and HPC revenue took about 8% of its total revenue in the first three quarters of 2024.
