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Microsoft, G42 Open 2 AI Centers in Abu Dhabi
18.9.2024
Microsoft and G42, a United Arab Emirates-based AI firm, have established two new AI centers in Abu Dhabi. These centers aim to promote responsible AI in the Middle East and the Global South. They will identify best practices, support AI projects for societal goals, and strengthen the relationship...
BTC Miner Cathedra Shifts Focus to Bitcoin Acquisition Strategy
17.9.2024
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...
Microsoft to open two AI centers in Abu Dhabi
17.9.2024
One center will focus on developing industry standards for responsible AI use, while the other will support projects that address "key societal goals."
AI execs visit White House to discuss energy infrastructure
12.9.2024
According to a Goldman Sachs report, the demand for electrical power in the United States will grow approximately 2.4% by 2030
Bitcoin Miner Iris Energy Increases Mining Output by 10%
5.9.2024
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...
Converting mining sites to AI data centers isn't seamless: Sabre56 CEO
4.9.2024
According to CEO Phil Harvey, Bitcoin miners will average roughly $1.50 in revenue per terahash every month during the current market cycle
Iris Energy Acquires 39,000 Bitmain S21 XP Antminers, Eyes 30 EH/s in 2024
29.8.2024
Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024. Iris Energy Expands Mining Capacity and AI Cloud Services Iris...
IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact
17.8.2024
International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing a targeted electricity tax, the authors estimate...
IMF Proposes 85% Tax Hike on Crypto Miners & AI Data Centers
16.8.2024
The International Monetary Fund (IMF) has proposed a tax increase on crypto mining and artificial intelligence (AI) data…
Bitcoin Miner Cleanspark Acquires Wyoming Mining Site
2.8.2024
Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW) of power contracts. The Las Vegas-based company plans to add over 2 exahash per second (EH/s) to its mining capacity through a 30 MW immersion-cooled data center expected...
Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data Center
24.7.2024
Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts (MW) to 750 MW. This expansion follows approval from the Electric Reliability Council of Texas (ERCOT) and an amended connection agreement with American Electric Power (AEP). Iris...
Bitcoin Miner Northern Data AG Announces 20% Capital Increase With a $233M Investment From Tether
15.7.2024
On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214 million ($233 million) through the issuance of new shares. The company aims to enhance its cloud platform and expand its data centers in Europe and the United States. Bitcoin Miner...
Bitcoin Miners Are Attractive Partners to Build Artificial Intelligence Data Centers: Bernstein
10.7.2024
The broker initiated coverage on miners Iren Energy and Corz Scientific with outperform ratings
Nigeria plans nationwide AI and blockchain research centers
4.7.2024
The research centers count as another step toward taking a leadership position in artificial intelligence (AI) development in Africa
Crypto Exchange Kraken Is Considering Going Nuclear
2.7.2024
Massive demand for energy from high performance computing and artificial intelligence firms is changing the landscape in terms of power stability, the company’s CTO said in an exclusive interview with CoinDesk
CoreWeave expands Core Scientific computing deal by $1.225B
25.6.2024
Core Scientific is well-positioned to take advantage of new opportunities at its mining facilities
Nvidia launches in Middle East amid US AI export clampdown: Report
24.6.2024
Nvidia partners with Qatari telecom provider Ooredoo to bring advanced AI technology to the Middle East, marking a significant expansion amid US export restrictions
Bitcoin Mining Stabilizes Power Grids Strained by AI Data Centers
13.6.2024
Bitcoin miners help expand the use of renewable energy and balance energy networks, says Ryan Condron, co-founder of Lumerin
Indiana vows outage-free energy for crypto miners, data centers
11.6.2024
Indiana plans to become a hub for the data center and crypto mining industries by promising uninterrupted, low-cost energy
Northern Data’s Peak Mining Acquires Second 300-Megawatt Site in Texas
24.5.2024
According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023. Peak...