Riot's AI Pivot Over Bitcoin Mining: Analyst Says 'Encouraging' Move

1. Riot pauses Bitcoin mining expansion for AI and HPC feasibility study. 2. JPMorgan's Reginald L. Smith finds the shift encouraging and positive. 3. Riot's hashrate target for 2025 is lowered by 19% due to the pivot. 4. Corsicana site is ideal for AI workloads within proximity to major cities. 5. New direction could transform Riot's revenue stream beyond cryptocurrency.