Riot Platforms considers putting its mining surplus power into AI and high-performance computing

U.S. Bitcoin $BTC miner Riot Platforms has carried out a feasibility assessment, considering putting its mining surplus power from its mining facility in Corsicana, Texas into artificial intelligence (AI) and high-performance computing, The Block reported. As a result, the firm is discontinuing the development of its 600 MW Phase II Bitcoin mining expansion at its Corsicana facility. Riot's hashrate target for late 2025 has also been lowered from 46.7 EH/s to 38.4 EH/s. It is "encouraging," said analysts at JPMorgan and Bernstein, adding that this action could mark the beginning of a "re-rating journey" for Riot Platforms.
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