Riot Faces Growing Pressure To Move From Bitcoin Mining to AI

Key Takeaways Riot’s Bitcoin mining profits are declining sharply due to lower prices. Activist investor Starboard urges Riot to accelerate its shift to AI data centers. Many Bitcoin miners are pivoting to AI hosting for steadier, higher margins. Riot Platforms, one of the largest U.S. Bitcoin mining companies, is under growing pressure to pivot to Artificial Intelligence (AI). This trend has gained momentum amid declining mining profitability. The company owns large power sites in Texas that c ...