Matt Brown figures he must have been one of the most sought-after attendees at a technology conference hosted by Nvidia Corp this spring.
The search for any and all available data-centre space is leading many in AI to a slew of crypto-mining companies, which already sit on the necessary resources and are looking for more-profitable uses for them. The tidal wave of demand was on display this week as Core Scientific announced a partnership with AI startup CoreWeave that will generate about $3.
It’s no wonder, then, that CoreWeave would be interested in simply buying the entire Austin, Texas-based company. And the reactions in the stock market — including a 22% jump in shares of miner TeraWulf Inc. on Tuesday — suggest investors are betting on more good news for the sector. Data centre conversions One way to get a head start is simply to convert existing data centres dedicated to mining, an energy-intensive process in which specialized computers solve mathematical puzzles to validate encrypted transactions on the blockchain in return for compensation in the form of Bitcoin or other crypto tokens. An April update to the Bitcoin blockchain software, which cut the rewards paid to miners in half, makes the proposition especially attractive now.
Nvidia cards “Maintaining those relationships and working well with those partners is just as important as working well with Nvidia,” said Rosanne Kincaid-Smith, group chief operating officer at crypto miner Northern Data, which has a stockpile of GPUs previously used for Ethereum mining.
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