According to the latest Global System for Mobile Communications (GSMA) study report, the success of artificial intelligence (AI) in Africa hinges largely on the availability of local language data and addressing the AI skills gap. The report urges African countries to prioritize investment in domain-specific and local language data. It also recommends adopting participatory approaches…
Read more
io.net has built a decentralized physical infrastructure network that will source GPU computing power for AI and machine learning. A project that started out as an institutional-grade quantitative trading system for cryptocurrencies and stocks has transitioned to become a decentralized network sourcing GPU computing power to serve increasing demand for AI and machine learning services.…
Read more
Iris Energy has invested $10 million in the latest generation of Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining. Nasdaq-listed Iris Energy has bought 248 state-of-the-art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative artificial intelligence (AI) in addition to its core business…
Read more
New developments in the Bitcoin mining space have Hut8 vice president Sue Ennis convinced that well positioned miners will thrive after the next BTC halving. The next Bitcoin halving event is less than 9 months away and the consensus opinion among analysts and investors is that the halving will send BTC price to a new…
Read more
Prominent crypto mining firm Hive Blockchain has rebranded itself to Hive Digital Technologies as the company shifts focus toward artificial intelligence. In a Wednesday statement, the Vancouver, Canada-based mining company said that the removal of “blockchain” from its name was a deliberate choice to better reflect its evolving focus on revenue opportunities in graphics processing units (GPUs) and cloud computing. … Read…
Read more
The semiconductor chip manufacturing company will reportedly stop taking orders for the Blockscale 1000 Series ASICs by Oct. 20. Major United States-based technology company Intel has reportedly announced plans to discontinue its line of Blockscale Bitcoin mining chips as part of efforts to cut costs. According to an April 18 Reuters report, the semiconductor chip…
Read more
Bitcoin miners continue to take advantage of the falling GPU prices to upgrade their mining equipment as they aim to remain competitive in the fierce competition. Throughout the month of October, Bitcoin’s (BTC) hash rate surged by 10.8% as it recorded new all-time highs on a daily basis. While the increase in hash rate ensures…
Read more
Hive’s Ethereum mining operations have historically generated three to four times more revenue per megawatt than Bitcoin mining, the firm said. Cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins in the event of Ethereum’s upcoming transition to proof-of-stake, or PoS. The Canadian crypto mining firm has…
Read more
As many crypto holders are gearing up for a bear market, what are the factors influencing the mining business? The ongoing cryptocurrency bear market has triggered a massive decline in Bitcoin (BTC) mining profitability as BTC mining expenses outpace the price of Bitcoin. Closely tied to the drop in the BTC price, Bitcoin mining profitability…
Read more
The meteoric drop in GPU prices opened up a small window of opportunity for small-time miners to procure a piece of more powerful and efficient mining equipment. As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15…
Read more
