Anyone have an what the commercials projections behind a company like Hut 8 Corp diversifying their mining resources to satisfy AI demands could possibly look like?

/mining biz

9230

Marcos 🎩

@gamemeister.eth·

Recent Core Scientific deal with Coreweave expected to trigger greater investment as wider use casse for mining facilitiates and value of power access revealed. #AI #MINING

https://www.coindesk.com/markets/2024/06/24/bitcoin-mining-sector-is-attracting-growing-investor-interest-following-core-scientific-deal-jpmorgan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coatue Management invests $150M in Hut 8 Corp as miners aim to satisfy the soaring demand from AI firms.

https://www.bloomberg.com/news/articles/2024-06-24/laffont-s-coatue-invests-in-bitcoin-miner-hut-8-as-sector-joins-ai-race

"The move has given the sentiment of the bitcoin mining community a boost, as T-Mobile (TMUS)—which has more than $200 billion market cap—participating in making Bitcoin safer is positive for the network. However, it also poses the question of whether such a large player entering the arena will ramp up the competition for the incumbent miners who are already facing tougher competition.

https://www.coindesk.com/business/2024/06/17/telecom-giant-and-t-mobile-parent-deutsche-telekom-plans-to-mine-bitcoin/

“Greenpeace… advocated for Bitcoin to change its consensus protocol from proof-of-work to proof-of-stake (PoS), as Ethereum has done.”

Good luck, have fun.

https://cointelegraph.com/news/wall-street-bitcoin-mining-greenpeace

Getting spicy 🌶️ https://blockworks.co/news/riot-bitfarms-miner-takeover-continues

Anyone planning to attend Bitcoin 2024 in Nashville?

Bitfarms expands into the US with a new site in Sharon, PA, set to develop up to 120 MW of power capacity.

https://cointelegraph.com/news/bitfarms-us-expansion-riot-platforms-increases-stake

Artificial intelligence (AI) is hungry for computing power, and bitcoin miners willing to repurpose their infrastructure stand to profit handsomely.

https://www.forbes.com/sites/digital-assets/2024/06/12/bitcoin-miner-core-scientifics-stock-soars-on-ai-expansion-plans/

Moscow-based crypto mining firm Intelion plans to invest over $130M in AI data centers, buying server equipment despite U.S. bans on Nvidia’s A100 chips.

https://crypto.news/russian-bitcoin-mining-supplier-to-spend-over-130m-on-ai-data-centers-report/

Bitfarms adopts 'poison pill' strategy to fend off potential takeover by Riot Platforms, safeguarding shareholder interests and strategic review process.

https://www.theblock.co/post/299299/bitfarms-tries-to-block-riot-platforms-hostile-takeover-with-poison-pill-approach

/mining biz