Russian Crypto Miner, Sovereign Fund Aim for Global AI Leadership

Bitriver, a Russian data mining company, has partnered with the Russian Direct Investment Fund (RDIF) to expand data center infrastructure and AI projects across BRICS countries. The goal is to boost Russia’s presence in AI and cryptocurrency mining. Both entities plan to build data centers and focus on enhancing their potential. This partnership aims to … Read more

Bitcoin Miner Ionic Digital Renews IPO Push, Reports Significant BTC Holdings

Ionic Digital has revived its plans for an initial public offering (IPO) following the appointment of BDO USA as its new auditor. The company, which is primarily involved in bitcoin (BTC) mining, also revealed that it holds 2,102.29 BTC, valued at $135.3 million as of Sept. 30, 2024. Ionic Digital Revives IPO Plan, Reports 2,102 … Read more

The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

Before bitcoin’s fourth halving, the crypto asset soared to a peak of $73,794 on March 14, as recorded on Bitstamp. During the period from March 10 to April 10, bitcoin’s hashprice—representing the estimated daily earnings for 1 petahash per second (PH/s)—fluctuated between $105 and $125 per PH/s. Fast forward to this week, and as BTC … Read more

Bitcoin Mining vs. AI Hosting: The Unexpected Parallels Unveiled

Bitcoin miners and artificial intelligence (AI) cloud providers, along with high-performance computing (HPC) operators, share an unexpected bond in their quest for computing muscle. As the cryptocurrency scene shifts, some bitcoin mining setups are finding fresh purpose in the fast-growing fields of generative AI and large language models (LLMs). A Closer Look at the Unseen … Read more

How Bitcoin Miners Are Tapping Into the AI Gold Rush – Part 2

The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Sept. 3, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. In the piece, Feng follows up on her first report on how bitcoin miners are branching out into high-performance computing … Read more

How Bitcoin Miners Are Tapping Into the AI Gold Rush – Part 1

The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Aug. 29, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. In the piece, Feng explores how bitcoin miners are branching out into high-performance computing (HPC) and artificial intelligence (AI) cloud … Read more