Core Scientific to host more CoreWeave infrastructure, targets $8.7B revenue
CoreWeave has exercised its final option agreement with Core Scientific, adding 120 MW of critical IT infrastructure to power Nvidia GPU operations. Go to Source
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Northern Data wants to sell Peak Mining to invest in AI expansion
The Tether-backed company is talking to interested parties, it said. It may also see an IPO on the Nasdaq next year. Go to Source
Converting mining sites to AI data centers isn’t seamless: Sabre56 CEO
According to CEO Phil Harvey, Bitcoin miners will average roughly $1.50 in revenue per terahash every month during the current market cycle. Go to Source
Bit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid
Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit Digital … Read more
Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal
On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement. Northern Data AG Acquires Bitfield N.V. — Firm … Read more
Samsung Profits Surge on High Demand for Bitcoin Mining Chips
South Korean Samsung Electronics saw its operating profits surge in the first quarter of this year compared to the previous year. The company attributes the increase to its semiconductor division which manufactures bitcoin mining chips and says that it expects the trend to continue into the second quarter. Also read: Yahoo! Japan Confirms Entrance Into the … Read more