Curated News
By: NewsRamp Editorial Staff
June 03, 2025
Riot Platforms Names Jonathan Gibbs CDCO to Lead New Data Center Strategy
TLDR
- Riot Platforms strengthens its market position by hiring Jonathan Gibbs as CDCO to expand into non-bitcoin-related data centers, diversifying revenue and enhancing investor returns.
- Riot Platforms appoints Jonathan Gibbs as CDCO to develop state-of-the-art data centers, leveraging 15 years of experience and a portfolio of over one gigawatt capacity.
- Riot Platforms' expansion into data center development addresses the growing demand for digital infrastructure, supporting advancements in cloud computing and AI for a better future.
- Jonathan Gibbs joins Riot Platforms with a vision to develop over 1.7 gigawatts of data center capacity, marking a significant leap in digital infrastructure.
Impact - Why it Matters
This development is significant as it highlights the evolving landscape of digital infrastructure, where companies like Riot Platforms are diversifying beyond Bitcoin mining to address the increasing demand for cloud computing and AI applications. For investors and the tech industry, Riot's expansion into data center development represents a strategic pivot that could offer more stable revenue streams and long-term growth opportunities in the burgeoning digital economy.
Summary
Riot Platforms, a leader in Bitcoin-driven infrastructure, has announced the appointment of Jonathan Gibbs as Chief Data Center Officer (CDCO) to spearhead the development of a new data center platform. This strategic move aims to diversify Riot's revenue streams by expanding into non-bitcoin-related data centers, catering to hyperscale and enterprise tenants. With over 15 years of experience, Gibbs is set to leverage Riot's extensive power portfolio to meet the growing demand for digital infrastructure, driven by cloud computing and AI applications.
The initiative underscores Riot's commitment to maximizing asset value and generating long-term returns for investors. Gibbs' expertise in developing over one gigawatt of data center capacity across North America, Europe, and Asia positions Riot to capitalize on the surging demand for high-performance computing. The company's immediate access to 1.7 gigawatts of power near major markets further enhances its competitive edge in the digital infrastructure space.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Riot Platforms Names Jonathan Gibbs CDCO to Lead New Data Center Strategy
