Bitcoin Miners Go Face-Palm: Data Centers and AI Take Over! đŸ€–đŸ’„

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Bitcoin Miners Go Face-Palm: Data Centers and AI Take Over! đŸ€–đŸ’„

Riot Platforms (NASDAQ: RIOT) has cunningly appointed Jonathan Gibbs as Chief Data Center Officer. Yes, while your uncle argues about Dogecoin, Riot is busy throwing its hat into the HPC and AI ring. Because what’s better than mining bitcoins? Why, hosting extraterrestrial data, of course!

This article is borrowed from Theminermag, a little lighthouse in the foggy sea of crypto mining news, bringing you the latest—because who doesn’t love more ways to burn electricity?

Gibbs, the seasoned veteran with more than 15 years of playing with large-scale data centers, will now lead Riot’s bold new endeavor: a platform aimed at hyperscale and enterprise clients. Yeah, because building giant brick boxes is just what the world needs—more gray, more wires, more coffee for engineers.

Riot’s latest move is the industry’s equivalent of pretending to be surprised—major Bitcoin miners are suddenly acting like they’ve discovered new shiny toys: data centers, HPC, and AI hosting. Earlier this year, Riot decided to hit pause on its precious Bitcoin mining expansion at its Corsicana facility in Texas—600 megawatts of glorious capacity now reserved solely for…something else. Maybe alien research, or a really elaborate ping-pong tournament?

“The creation of this new data center platform furthers Riot’s strategy to maximize the value of its assets by expanding into non-bitcoin-related data centers,” declared CEO Jason Les, probably while hiding a mischievous grin behind his coffee mug.

Gibbs, the hero of data center lore, brings a record of more than a gigawatt of projects across North America, Europe, and Asia, with investments of over $17 billion—enough to buy all the Bitcoin in the world… or at least pretend to. Before joining Riot, he was executive vice president at Prime Data Centers, leading US data center designs that probably have enough cooling to make the Arctic jealous.

Meanwhile, Riot’s buddies in the mining world are jumping into HPC and AI hosting—for diversification, or because they finally realized Bitcoin is just a passing fad? Bitfarms hired James Bond, because who better to lead HPC initiatives than a guy with a license to chill, and HIVE Digital set up subsidiaries for high-performance computing. Applied Digital, already operating data centers, saw its stock soar like a rocket—probably hoping AI will finally “understand” it.

As the crypto industry dives deeper into data centers and AI—because apparently mining isn’t enough—one can only wonder if we’re heading for a future where machines run everything, and humans just get to press ‘Start’. Or maybe just watch cat videos. Either way, it’s a spectacle.

Read the full spectacle here. Enjoy the chaos!

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2025-06-04 08:59