Odaily Planet Daily News On Wednesday, Riot Platforms, a Nasdaq-listed bitcoin mining company, said it is exploring partnerships in the fields of artificial intelligence and high-performance computing to consolidate its business and create a sustainable source of revenue.
The company said it would strengthen its evaluation of potential artificial intelligence and high-performance computing (HPC) uses at its Corsicana plant in Navarro County, Texas, due to growing interest from multiple potential partners. Riot CEO Jason Les said in a statement that the move into artificial intelligence and high-performance computing is one of Riot's moves to "maximize value" for its "entire asset portfolio."
According to Hashrate Index data, Bitcoin mining machine revenue has fallen sharply in a year, with daily revenue as low as $10.4 for ordinary ASIC miners like Antminer S21+ Hydro, and an operating profit margin of 60%. (Decrypt)