Bitcoin (BTC) Miner Riot platform has assigned three new directors to its board as it explored potential opportunities for artificial intelligence (AI) and high-performance computing (HPC).
The additions include Michael Turner, former president of Oxford Properties and Global Head of Real Estate at Omers, one of Canada’s largest pension funds, including Jaime Leverton, Hut 8 Mining (Hut), and Doug Mouton, a data center development veteran from Microsoft and Meta, the company said on a release on Thursday.
Appointments arise as the riot considers the repurosing of the mining infrastructure, especially its Corsicana facility in Texas, for AI workloads, and tapped investment banks Evercore and Northland Capital Markets to help In this move.
Riot’s move follows a broader industry trend as miners are looking for new income streams amid increased energy costs and lower mining rewards after the recent division of Bitcoin.
CoinDesk reported in October The main scientific (Corz), one of the rivals of the riot, has been building an AI-focused infrastructure since 2019.
