{"id":8958,"date":"2025-01-21T20:46:49","date_gmt":"2025-01-21T20:46:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8958"},"modified":"2025-01-21T20:46:49","modified_gmt":"2025-01-21T20:46:49","slug":"riots-ai-pivot-over-bitcoin-mining-analyst-says-encouraging-move","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8958","title":{"rendered":"Riot&#8217;s AI Pivot Over Bitcoin Mining: Analyst Says &#8216;Encouraging&#8217; Move"},"content":{"rendered":"<div>\n<p><strong>Riot Platforms Inc <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RIOT#NASDAQ\">RIOT<\/a>) made a strategic pivot that is shaking up its future trajectory. The company announced it would pause its <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) mining expansion at Corsicana and instead conduct a feasibility study on converting its remaining capacity to <a href=\"https:\/\/www.benzinga.com\/topic\/artificial-intelligence\">AI<\/a> and <a href=\"https:\/\/www.benzinga.com\/topic\/quantum-computing\">high-performance computing (HPC)<\/a> use. <\/p>\n<p>This move has sparked a positive response from JPMorgan analyst <strong>Reginald L. Smith<\/strong>, who says he finds the decision \u201cencouraging.\u201d<\/p>\n<h2 class=\"wp-block-heading\">Analyst Reaction: A Positive Shift For Riot<\/h2>\n<p>Smith has been advocating for Riot to explore AI at its Corsicana facility and this announcement aligns with his long-held views. In his report, he describes the move as &#8220;encouraging,&#8221; noting that &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/analyst-color\/25\/01\/43112501\/riots-ai-pivot-over-bitcoin-mining-analyst-says-encouraging-move\" alt=\"Riot's\" ai pivot over bitcoin mining: analyst says move>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Riot Platforms Inc (NASDAQ:RIOT) made a strategic pivot that is shaking up its future trajectory. The company announced it would pause its Bitcoin (CRYPTO: BTC) 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8958","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8958"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8958\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}