Bitcoin (BTC) Miner Riot Platform appointed three new administrators to its board of directors, because it explores potential opportunities in artificial intelligence (IA) and high performance computer (HPC).
The additions include Michael Turner, former president of Oxford Properties and global real estate manager at Omers, one of the biggest retirement funds in Canada, alongside Jaime Léverton, ex-CEO of Hut 8 Mining (HUT) , and Doug Mouton, a development of Data Center Development Veteran from Microsoft and Meta, the company said in a statement on Thursday.
The appointments come as long as Riot plans to redirect its mining infrastructure, in particular its Corsicana installations in Texas, for IA workloads, and operated the Evercore investment banks and Northland capital markets to help this transition.
Riot’s decision follows a broader trend because minors are looking for new sources of income in an increase in energy costs and a drop in mining awards after the recent reduction in Bitcoin reduction.
Coindesk reported in October that Core Scientific (Corz), one of the rivals of Riot, has been building an AI -focused infrastructure since 2019.
