Riot's AI Pivot Over Bitcoin Mining: Analyst Says 'Encouraging' Move

Riot Platforms Inc RIOT made a strategic pivot that is shaking up its future trajectory. The company announced it would pause its Bitcoin BTC/USD mining expansion at Corsicana and instead conduct a feasibility study on converting its remaining capacity to AI and high-performance computing (HPC) use. This move has sparked a positive response from JPMorgan analyst Reginald L. Smith, who says he finds the decision “encouraging.”Analyst Reaction: A Positive Shift For RiotSmith has been advocating for Riot to ex ...