Riot Platforms, a bitcoin mining company, is exploring partnerships in the artificial intelligence (AI) and high-performance computing (HPC) sector to generate sustainable revenue amid declining mining profits. The company plans to evaluate potential AI applications at its Corsicana Facility in Texas, citing increased interest from possible partners. With bitcoin mining difficulty recently peaking, miners face greater financial pressure, prompting them to diversify their revenue sources beyond bitcoin. Riot's CEO stated that transitioning to AI and HPC is aimed at maximizing asset value. The strategy reflects broader trends where other crypto miners, like Hut 8 and Core Scientific, are repurposing their infrastructure for AI workloads. However, Riot warns that it's uncertain whether their assets are suitable for such conversions or if favorable partnership terms can be secured. The company's stock has seen a slight increase amidst these developments.

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