Riot Taps Advisors to Explore AI Partnerships as Bitcoin Miners Eye New Revenue Streams

Quick Summary:

With declining Bitcoin mining revenue and rising difficulty, companies like Riot are seeking new revenue streams.

The company's stock, which trades on the NASDAQ under the ticker RIOT, is up 0.2% on the day to $11.16, Google Finance data shows.

The NASDAQ-listed company said it would ramp up evaluations for potential AI and high-performance computing (HPC) uses at its Corsicana Facility in Navarro County, Texas, citing increased interest from multiple potential partners.

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Article Details

Author / Journalist: Vince Dioquino

Category: Crypto

Markets: Estonia

Topics: AI Riot Bitcoin mining Bitcoin miners Business High performance computing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 03:40:01 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 26111236

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 3 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 12 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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