CoreWeave acquires Bitcoin mining giant Core Scientific for $9 billion in an all-stock deal, boosting its data center capacity for AI and high-performance computing.
Data Center News
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Amazon is investing over $13 billion in expanding AI and cloud infrastructure in Australia, including new solar farms and data centers nationwide.
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The new data compression layer may address centralization risks in the crypto industry, such as the recent outage by Amazon Web Services.
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The bill has yet to pass in the US Senate but comes as Bitcoin miners are increasingly foraying into servicing AI models.
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One of three newly appointed directors to the board includes Jaime Leverton, the former CEO of Hut 8.
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North America faces energy challenges as cryptocurrency mining and AI data centers push electricity demand to unprecedented levels.
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TeraWulf is looking to expand into the red-hot AI space as Bitcoin mining difficulty increases and profitability shrinks.
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Microsoft said its latest “closed loop” water-recycling data center design could save 125 million liters of water annually per facility.
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The French firm Data4 and the Greek government broke ground on a new data center outside of Athens to help position Greece as a strategic hub for tech and AI.
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United States lawmakers believe Building energy infrastructure for Bitcoin mining, AI, and high-performance computing is a major priority.
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Investors in IREN, formerly Iris Energy, sued the crypto miner, accusing it of overstating its high-performance computing ability and business prospects.
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Paris-based Data4 plans to invest in Greece to develop a major AI data center hub outside of Athens, signaling a boost to the country’s digital infrastructure and economy.
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Some of the CARV accelerator’s top partners already include Arweave, Litentry and Alibaba Cloud.
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According to CEO Phil Harvey, Bitcoin miners will average roughly $1.50 in revenue per terahash every month during the current market cycle.
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Core Scientific will add 112 megawatts for CoreWeave’s GPUs and projects $2 billion in additional revenue from the 12-year hosting agreement.
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