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BTC mining company Riot explores AI partnership
Odaily Planet Daily News Wednesday, Riot Platforms, a BTC mining company listed on Nasdaq, said it is exploring partnerships in the field of artificial intelligence and high-performance computing to strengthen its business and create sustainable sources of income. The company said it will strengthen its evaluation of potential artificial intelligence and high-performance computing (HPC) uses at the Corsicana factory in Navarro County, Texas, as interest from multiple potential partners grows. Riot CEO Jason Les said in a statement that entering the artificial intelligence and high-performance computing field is one of Riot's initiatives to maximize the value of its 'entire asset portfolio.' According to the data from the Hashrate Index, the income of BTC miners has dropped significantly within a year, with daily income for regular ASIC miners like the Antminer S21+ Hydro dropping to as low as $10.4, while the profit margin is at 60%. (Decrypt)