Bitcoin miner Riot Platforms is on a shopping spree, snagging $510 million in Bitcoin, boosting its stash to a whopping $1.7 billion! 🤑 Meanwhile, activist investor Starboard Value is whispering sweet AI nothings, suggesting Riot repurpose some mining power for AI models.
With AI's hunger for energy, Bitcoin miners could strike gold—or Bitcoin—by catering to AI needs, potentially unlocking $37 billion in market cap. Riot alone could double its value, says VanEck.
Investors are loving the BTC hoarding trend, with JPMorgan upping price targets for miners. Looks like holding Bitcoin is the new black!