Riot Platforms Sells BTC for AI Shift
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Show Notes
Riot Platforms, a major Bitcoin miner, sold off over $250 million worth of Bitcoin in Q1, reducing their holdings to $1.04 billion. This follows previous sales, as the company shifts focus to AI and high-performance computing. Riots vast power portfolio is now being considered for AI infrastructure, with potential added value projected at up to $21 billion. Shares rose 2.47% on Thursday, signaling a significant shift in the Bitcoin mining sector.
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