Nvidia sees bright future in agentic AI amid record Q3 revenue
The world’s most valuable company is focusing on AI systems or agents designed to exhibit autonomous decision-making. Go to Source
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Load variability is key to AI energy infrastructure — TeraWulf CTO
United States lawmakers believe Building energy infrastructure for Bitcoin mining, AI, and high-performance computing is a major priority. Go to Source
Tech giant’s failed AI energy deals could pull power from Bitcoin
Bitcoin miners could be squeezed out by deep-pocketed tech giants that can outbid them for prime power sources. Go to Source
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
Bitcoin Miner Terawulf Offloads 25% Stake in Equity to Bolster AI and HPC Operations
Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure at its Lake Mariner facility. Crypto Mining Firm Terawulf Sells … Read more
Hive Digital expands focus from crypto mining to AI data centers
Hive’s strategy targets meeting the rising demand for AI computing while boosting its balance sheet with green-mined Bitcoin. Go to Source
BTC Miner Cathedra Shifts Focus to Bitcoin Acquisition Strategy
Cathedra Bitcoin Inc. has announced a significant shift in its corporate strategy, moving away from bitcoin mining to focus on growing its bitcoin holdings. The company aims to increase its shareholders’ bitcoin per share through a strategy similar to that of Microstrategy, which has gained recognition for its bitcoin acquisition policy. Cathedra Bitcoin Ditches Mining … Read more
AI execs visit White House to discuss energy infrastructure
According to a Goldman Sachs report, the demand for electrical power in the United States will grow approximately 2.4% by 2030. Go to Source
Bitcoin Miner Iris Energy Increases Mining Output by 10%
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining Efficiency Leads to Output Growth In its August 2024 investor update, Iris Energy … Read more
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
