A number of transactions are designed to help bitcoin mining companies retrofit their sites for artificial intelligence workloads.
With the burgeoning AI industry in need of capacity and bitcoin miners in search of new ways to generate returns on their hefty capital investments, mergers, financings and partnerships are rapidly coming together.-backed startup that's one of the main providers of the chipmaker's technology for running AI models. Core Scientific will deliver 70 megawatts of computing infrastructure to support CoreWeave's operations.will generate an additional $1.
"The broader market is beginning to appreciate the scarcity of high-quality power assets, and Hut 8 has built a deep pipeline of highly attractive expansion assets," Robert Yin, a partner at Coatue, said in the financing announcement.told CNBC his company"finalized commercial agreements for our new AI vertical under a GPU-as-a-service model, including a customer agreement which provides for fixed infrastructure payments plus revenue sharing.