Riot Platforms Explores AI Opportunities While Staying Focused On Bitcoin Mining
Riot Platforms Inc (NASDAQ:RIOT) CEO Jason Les expressed the company’s interest in artificial intelligence opportunities, contingent on the emergence of a favorable deal.
What Happened: In a recent interview with Bernstein analysts, Les highlighted Core Scientific‘s (NASDAQ:CORZ) collaboration with AI Hyperscaler CoreWeave as a potential model for such ventures, The Block reported.
Les stressed that while Riot is open to AI, its primary focus remains on bitcoin mining. He noted the strategic benefits of Riot’s Texas-based facilities, which boast significant power capacity and proximity to major urban centers like Austin and Dallas. These locations could accommodate AI-specific machines if a suitable partnership materializes.
Despite the interest in AI, Les made it …
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