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Bitcoin miner Hut 8 lands $150M investment amid AI boom
24.6.2024
Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp. due to its capability to power generative AI applications with its high-performance computing
Elon Musk reportedly building ‘Gigafactory of Compute’ for AI
25.5.2024
Musk recently said he expected xAI to catch up to OpenAI and DeepMind Google by the end of 2024
Reaction-Diffusion Compute Shader in WebGPU
1.5.2024
Learn how to use WebGPU compute shaders to create reaction-diffusion patterns
Lumerin and Quai Announce Strategic Collaboration to Enable On-Chain Compute Power Trading
4.4.2024
PRESS RELEASE. Chicago, IL — April 4, 2024 — Lumerin, a pioneer in the decentralized Bitcoin mining marketplace, and Quai, a groundbreaking Layer-1 crypto network for the global and compute economies, proudly announce a strategic alliance aimed at expanding access to Bitcoin mining. This...
Crypto AI Projects Would Need to Buy Chips Worth Their Entire Market Cap to Meet Ambitions
3.4.2024
Supporting the creator economy with AI-generated video will take more GPUs than all major tech companies operate
Theta EdgeCloud’s progress to the latest AI Compute Infrastructure
18.3.2024
In early 2022, Theta Labs CTO Jieyi Long and the engineering team began exploring AI, distributed systems, and machine learning applied to blockchain after inviting Peking University Professor of Computer Science Zhen Xiao as an academic advisor. Jieyi published a groundbreaking research paper...
Fetch.ai introduces Fetch Compute, its new $100 million project
7.3.2024
Fetch.ai recently announced advanced GPUs after a $100 million infrastructure investment. Titled Fetch Compute, the project will secure the expansion of the training capabilities and tools available to developers and users. The project has been designed to elevate users’ ability to develop advanced...
Fetch.ai’s $100M Investment Sets Stage for GPU Rewards Program for Tokenholders
6.3.2024
On-chain AI project Fetch.ai has announced the launch of Fetch Compute following a $100 million investment in the project’s infrastructure. Fetch Compute is a suite of tools and training capabilities for developers and users working with AI. It bills itself as a project “designed...
What Are Rollups? Ethereum’s Main Scaling Solution Examined
20.9.2023
Rollups are structures that have been designed as a way of scaling Ethereum’s capacity to process transactions and data. They group a bunch of tasks and compute them offchain, only posting the result of these transactions to Ethereum, allowing more data to be piled up on L1 (layer one)....
‘We’re Compute Cowboys’: Gideon Powell on the Pioneer Spirit Driving Bitcoin Mining
28.7.2023
An interview with the CEO of Cholla Inc., an oil & gas exploration company that’s investing in bitcoin mining
40+ Weird Vintage Video Game Ads We Can’t Stop Thinking About
16.6.2023
For a long time, perhaps due to the infancy of the medium, there was no “right” way to advertise home video games. As a result, some of the earliest video game companies—including some we now recognize as major industry players, like Nintendo—ended up creating some of the most bizarre...
Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z
12.6.2023
The capital infusion comes as interest in AI surges. Gensyn said it would use the money to accelerate the launch of the protocol and expand its workforce
Out of Compute North’s Bankruptcy Rises 300MW Bitcoin Miner With Novel Energy Offering
26.4.2023
Born out of the ashes of the Compute North bankruptcy, the new venture aims to give clients control over their energy strategy
Compute North’s Reorganization Plan Approved by Bankruptcy Judge
16.2.2023
The hosting firm, one of North America’s largest, settled $250 million in secured debt and settled with about 11 companies
Bitcoin Miner BitNile Pulls 6,500 Rigs from former Compute North Site
10.2.2023
The miner signed a hosting deal with bankrupt Compute North in September for a site that is now managed by USBTC
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
31.1.2023
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan...
Bitcoin hashrate recovers after big freeze shuts down miners
26.12.2022
The Bitcoin network hashrate has returned to 241.29 EH/s after a temporary 38% fall to 170.60 EH/s from a weekly peak of 276.40 EH/s
Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute North
6.12.2022
The miner paid $50 million initially, $8 million of which was written off and only about half of the rest are expected to be recovered
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
28.11.2022
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings...
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
23.11.2022
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around...