Riot Platforms Taps Data Center Veteran to Expand Beyond Bitcoin Mining
Jonathan Gibbs will lead Riot’s push into enterprise-grade data centers for AI and cloud computing.

What to know:
- Riot Platforms hired Jonathan Gibbs to lead a new non-bitcoin data center initiative.
- Gibbs has overseen over $17 billion in data center development globally.
- The pivot aims to tap rising demand for AI infrastructure.
Riot Platforms (RIOT) has hired industry veteran Jonathan Gibbs as its Chief Data Center Officer, marking a strategic move by the bitcoin miner to branch out beyond crypto into the broader data infrastructure business.
Gibbs brings over 15 years of experience and a résumé that includes designing and building more than one gigawatt of data center capacity across North America, Europe and Asia. He most recently served as Executive Vice President at Prime Data Centers, where he led projects across the U.S.
Now, he’s tasked with launching Riot’s new data center platform aimed at companies that require massive computing power to support cloud services and artificial intelligence. The company plans to build out non-bitcoin-focused facilities, leveraging 1.7 gigawatts of power capacity it already controls.
The company’s CEO, Jason Les, said the new initiative will “aggressively scale” to meet surging demand. If successful, Riot could join a growing list of former mining firms repositioning themselves as key players in the AI and cloud infrastructure boom.
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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How the ultra-wealthy are using bitcoin to fund their yacht upgrades and Cannes trips

Cometh founder Jerome de Tychey is applying DeFi lending and borrowing on platforms like Aave, Morpho, and Uniswap to structures that help the ultra-wealthy secure loans against their massive crypto fortunes.
What to know:
- Wealthy investors who hold much of their fortune in crypto are increasingly turning to decentralized finance platforms to secure flexible credit lines without selling their digital assets.
- Firms like Cometh help family offices and other rich clients navigate complex DeFi tools, using assets such as bitcoin, ether and stablecoins to replicate traditional Lombard-style collateralized loans.
- DeFi loans can be faster and more anonymous than traditional bank credit but carry volatility and liquidation risks, and Cometh is also experimenting with applying DeFi strategies to traditional securities via ISIN-based tokenization.











