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BTC Miner Riot Platforms Announces New Board Appointments to Push AI Pivot

Feb 13, 2025
Riot Platforms is a company that mines Bitcoin, which is a type of money people can use on the internet. Recently, they made some new friends for their board, which is a group of smart people who help make important decisions. These new friends include smart individuals who know a lot about companies and technology. Riot is thinking about using some of their special computers not just for mining Bitcoin, but also for something called artificial intelligence, or AI. AI helps computers to think and solve problems like humans! This is exciting because more and more Bitcoin miners want to use their computers in different ways to earn money. In Texas, Riot has a big place to help with this change. They want to make their computers work hard for AI instead of only for Bitcoin. Other companies, like Core Scientific, are also doing this and have been for a while. Many companies are changing what they do because it’s getting harder to make money just from mining Bitcoin. Mining means using a lot of electricity to solve puzzles and help keep the Bitcoin system secure. But now, the costs for electricity are going up, and the rewards for mining Bitcoin are going down. By hiring investment banks, Riot is looking for help to make these changes smooth and successful. It’s a big move for them! They want to make sure they are ready for the future, where technology like AI can be really important. This story shows us how companies are always changing and adapting to new ideas. They work hard to find new ways to make money and keep up with the times, just like we learn and grow too!

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