Riot Platforms (RIOT) has fully joined a growing group of bitcoin miners that are altering their business plans to take advantage of the fast-growing demand for AI infrastructure.
The company announced on Friday morning that it had acquired land at its 200-acre Rockdale site in Milam County, Texas, on a fee-simple basis for $96 million. The funding for the purchase was done entirely through the sale of about 1,080 bitcoin BTC from the company balance sheet.
Only way these bitcoin miners are catching a Fiat Bid