The Bitcoin Miner Riot platforms (BTC) appointed three new directors to their Board, as it explores potential opportunities in artificial intelligence (AI) and high performance computing (HPC).
The additions include Michael Turner, former president of Oxford Properties and Chief of Global Real Estate of Omers, one of the largest pension funds in Canada, along with Jaime Leverton, former CEO of Hut 8 mining (Hut) and Doug Mouton, a data centers development. Veteran of Microsoft and Meta, the company said in a statement on Thursday.
The appointments occur when Riot considers the reuse of its mining infrastructure, particularly its installation of Corsican in Texas, for AI workloads, and has taken advantage of the Evercore and Northland Capital Markets investment banks to help with this transition.
Riot’s movement follows a broader industry trend as miners seek new sources of income in the middle of the growing energy costs and lower mining rewards after the recent half of half of Bitcoin.
Coindesk reported in October that Core Scientific (Corz), one of Riot’s rivals, has been building infrastructure focused on AI since 2019.
