Bitcoin Miner Rebellion Adds Fresh Board Member to Push AI Pivot
Rebellion also announced it has employed investment banks Evercore and Northland Capital Markets to e book discussions with likely AI and HPC companions.
As much as date Feb 13, 2025, 7:10 a.m. UTCPublished Feb 13, 2025, 7:09 a.m. UTC
Bitcoin (BTC) miner Rebellion Platforms appointed three original directors to its board as it explores likely alternatives in artificial intelligence (AI) and high-efficiency computing (HPC).
The additions include Michael Turner, veteran president of Oxford Properties and global head of actual property at OMERS, one among Canada’s finest pension funds, alongside Jaime Leverton, ex-CEO of Hut 8 Mining (HUT), and Doug Mouton, a files center pattern veteran from Microsoft and Meta, the firm said in a liberate on Thursday.
The appointments near as Rebellion considers repurposing its mining infrastructure, particularly its Corsicana Facility in Texas, for AI workloads, and has tapped investment banks Evercore and Northland Capital Markets to help with this transition.
Rebellion’s transfer follows a broader substitute fashion as miners stare original earnings streams amid rising vitality fees and lower mining rewards after the recent Bitcoin halving.
CoinDesk reported in October that Core Scientific (CORZ), one among RIOT’s competitors, has been constructing AI-centered infrastructure since 2019.
Sam Reynolds
Sam Reynolds is a senior reporter basically based in Asia. Sam used to be allotment of the CoinDesk crew that obtained the 2023 Gerald Loeb award within the breaking files class for cover of FTX’s give scheme. Earlier than CoinDesk, he used to be a reporter with Blockworks and a semiconductor analyst with IDC.
