Northern Data, a German data center company, is considering selling its crypto mining arm, Peak Mining Frankfurt, to focus on its growing AI business. This move comes as crypto miners continue to struggle with reduced Bitcoin rewards. If the sale goes through, Northern Data plans to use the proceeds to fund the expansion its AI…
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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…
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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…
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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…
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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…
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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…
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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…
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Ethiopia has rapidly expanded its electricity allocation to Bitcoin mining, making it one of the world’s fastest-growing markets for this activity. The country plans to further increase its capacity this year. Many of the miners are using mid-generation machines due to their low power consumption. Ethiopia to Expand Bitcoin Mining Power Allocation Ethiopia has reportedly…
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Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents. Compass Mining Collaborates With Mindshift The partnership between Compass Mining,…
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MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters. This initiative emerges amidst an ongoing battle for electricity between artificial intelligence (AI) data centers and bitcoin…
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