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The activist fund Starboard Value recently released an analysis report pointing out that, with its currently fully available 1.7 billion watts of power resources, Riot Platforms holds a unique advantage in the fields of artificial intelligence and high-performance computing.

The activist fund Starboard Value recently released an analysis report pointing out that, with its currently fully available 1.7 billion watts of power resources, Riot Platforms holds a unique advantage in the fields of artificial intelligence and high-performance computing.

老虎证券老虎证券2026/02/18 12:15
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The institution believes that these ample energy reserves will enable the company to precisely target high value-added AI/HPC collaboration projects, creating sustainable sources of revenue growth. As a leading enterprise in the bitcoin mining industry, Riot Platforms has continuously optimized its energy management strategy in recent years. Its Whinstone facility in Texas not only boasts the largest bitcoin mining capacity in North America, but has also established a flexible power dispatch system. This infrastructure advantage, in the context of the current surge in AI computing power demand, has become a scarce bargaining chip. Analysts particularly emphasize that the 1.7 gigawatts of plug-and-play power capacity is equivalent to the total energy consumption of several medium-sized data centers. This scale effect allows Riot Platforms to undertake long-term computing power orders from large technology companies, while also maximizing revenue through dynamic power allocation. As the energy consumption of AI chips continues to rise, companies with stable power supplies will occupy a core position in the industry chain.It is worth noting that Riot Platforms has recently begun to shift its business focus. In addition to its traditional cryptocurrency mining business, the company is actively expanding into emerging sectors such as GPU cluster hosting and AI model training. This strategic transformation coincides with the "value creation path" advocated by Starboard, signaling the possible evolution of energy infrastructure operators into technology service providers.
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