💨 Abstract

Bitcoin miner Riot Platforms has appointed three new directors to its board following pressure from investors Starboard Value and D.E. Shaw. The new directors are experienced in overseeing the conversion of Bitcoin mining assets for potential artificial intelligence or high-performance computing uses. Riot has also engaged Evercore and Northland Capital to evaluate AI/HPC uses for its remaining power capacity, aiming to maximize their value.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖