As demand for AI computing surges, so does the need for robust data centers, prompting companies like Applied Digital (NASDAQ: APLD) and Riot Platforms (NASDAQ: RIOT) to pivot from cryptocurrency mining to AI-focused data center development. Applied Digital has successfully advanced in this transition, seeing its stock rise 260% over the past year. In contrast, Riot continues to generate more revenue from Bitcoin but is enhancing its data center operations for future growth. Both companies are positioning themselves to capitalize on the increasing AI infrastructure demands.
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