Riot Platforms: Strategic Shift Towards AI and HPC
Riot Platforms, a prominent Bitcoin mining company, is making significant strides in its strategic realignment towards artificial intelligence (AI) and high-performance computing (HPC). According to DER AKTIONÄR, the company has appointed three new board members to support this transition. Among them is Jaime Leverton, the former CEO of Hut 8 Mining, who brings extensive experience in transforming mining infrastructure into HPC facilities. Joining her are Doug Mouton, a former senior engineer at Meta, and Michael Turner, an expert in real estate investments. These appointments reflect Riot's commitment to exploring new business opportunities amidst increasing challenges in the Bitcoin mining sector.
The company is currently evaluating the feasibility of repurposing its mining facilities, particularly in Corsicana, Texas, for AI and HPC workloads. Riot has engaged top-tier advisors, including Evercore and Northland Capital Markets, to assist in this process. While the potential for partnerships and infrastructure adaptation is being explored, Riot CEO Jason Les emphasized the goal of maximizing shareholder value through this strategic pivot. For more details, visit DER AKTIONÄR at https://www.deraktionaer.de/artikel/aktien/riot-platforms-update-zum-ki-vorstoss-20374951.html.
Robert F. Kennedy Jr. Appointed as U.S. Health Secretary
Robert F. Kennedy Jr., a staunch Bitcoin advocate, has been appointed as the U.S. Health Secretary under Donald Trump's administration. As reported by BTC-ECHO, Kennedy has been a vocal supporter of Bitcoin, describing it as an "honest currency" based on proof-of-work and decentralization. During his 2024 presidential campaign, Kennedy proposed the creation of a $615 billion Bitcoin reserve, equivalent to the current value of U.S. gold reserves. This move aligns with Trump's broader strategy of appointing pro-crypto individuals to key positions, signaling a potential shift in U.S. cryptocurrency policies.
Kennedy's appointment has sparked discussions about the future of Bitcoin and blockchain technology in the U.S. government. His controversial views, including his stance as a vaccine skeptic, have drawn criticism, even from his own family. For further insights, refer to BTC-ECHO at https://www.btc-echo.de/schlagzeilen/bitcoin-bulle-john-f-kennedy-jr-wird-us-gesundheitsminister-201626/.
HIVE Digital Technologies: Expansion and Growing Bitcoin Reserves
HIVE Digital Technologies has reported impressive results for the third quarter of fiscal year 2025, as detailed by FinanzNachrichten.de. The company achieved a revenue of $29.2 million and increased its Bitcoin reserves to 2,805 BTC. A key highlight is HIVE's expansion into Paraguay, which is expected to significantly boost its global mining capacity. The company plans to increase its hashrate from 6 EH/s to 25 EH/s by September 2025, with a 300 MW expansion in Paraguay playing a pivotal role.
HIVE continues to prioritize sustainability, utilizing green energy sources like hydropower for its Bitcoin production. Additionally, the company is investing in high-performance computing for AI applications, with new NVIDIA H100 and H200 clusters projected to generate $20 million in additional revenue by mid-2025. To support its ambitious growth plans, HIVE has launched an at-the-market program to raise up to $200 million. For more information, visit FinanzNachrichten.de at https://www.finanznachrichten.de/nachrichten-2025-02/64536372-hive-digital-technologies-expansionsplan-und-wachsende-bitcoin-bestaende-674.htm.
Sources:
- US-Zoll verzögert Bitcoin-Miner-Lieferungen: Auswirkungen auf die Branche
- Riot Platforms: Update zum KI-Vorstoß
- Bitcoin-Bulle Robert Kennedy Jr. wird US-Gesundheitsminister
- Riot Platforms erweitert Vorstand
- Zooms Bitcoin-Strategie: Ein Weg aus der Krise?
- HIVE Digital Technologies: Expansionsplan und wachsende Bitcoin-Bestände
