Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter

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Riot shares surge on earnings news. Source: Yahoo! Finance Related: Bitcoin Miner Bitdeer Liquidates Entire BTC Treasury, Holdings Fall to Zero Bitcoin miners are increasingly shifting toward AI infrastructure as tightening mining margins push the industry to seek more stable revenue streams. As Cointelegraph reported, Core Scientific is converting its Pecos, Texas site into a 1.5-gigawatt AI-focused data center campus, repurposing 300 megawatts of Bitcoin mining capacity and acquiring over 200 acres of land to support the buildout. Among other miners, MARA Holdings has acquired a majority stake in French AI infrastructure firm Exaion, while Hive, Hut 8, TeraWulf and Iren are also converting mining facilities into data centers. Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt

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