NasdaqCM:RIOTSoftware
Riot Platforms Weighs Bitcoin Mining Losses Against AI Data Center Pivot
Riot Platforms (NasdaqCM:RIOT) is reportedly producing bitcoin at a loss, with high mining costs and weak prices pressuring results.
The company is accelerating a shift into artificial intelligence and high-performance computing data centers to reduce reliance on bitcoin mining.
This move reflects wider pressure across large bitcoin miners, many of which are facing similar economics.
For you as an investor, the key point is that Riot Platforms is no longer treating bitcoin mining as its...