Bitcoin (BTC) miner Riot Platforms appointed three new directors to its board as it explores potential opportunities in artificial intelligence (AI) and high-performance computing (HPC).The additions include Michael Turner, former…
Activist investor Starboard Value has made a large investment in bitcoin miner Riot Platforms (RIOT) and is pushing for changes in the company's business model, The Wall Street Journal reported,…
The cost to mine the bitcoin jumped to $25,327 from $5,734 due to a 68% increase in the network's hashrate. Hashrate is a measurement of the total computational power used…
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Riot, which became Bitfarms' largest shareholder and owns 14.9% of the company, called for a special meeting to remove Bitfarms' Chairman and interim CEO Nicolas Bonta, director Andrés Finkielsztain and…
“If power becomes the biggest constraint to scale up artificial intelligence (AI) computation, we see bitcoin miners as a strategic asset controlling power, land and with significant operating capabilities in…
Cryptocurrency-adjacent stocks also endured significant pullback, with miners Marathon Digital (MARA) and Hut 8 (HUT) both recording more than 10% declines. Riot Platforms (RIOT), another BTC miner, sank 8%. Coinbase,…
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At press time, bitcoin was holding at $27,300, up 3.1% over the past 24 hours. Coming later this week is a rate-setting meeting for the U.S. Federal Reserve. The central…
Bitcoin (BTC) miners are moving into new business areas, including offering high performance computing (HPC) services to the fast growing artificial intelligence (AI) market, to reduce their dependence on crypto,…
