NVIDIA Corp. is investing $2 billion in Amsterdam-based AI cloud provider Nebius (NASDAQ: NBIS) Group as the chipmaker deepens its role in building the infrastructure behind a new wave of artificial intelligence services. The investment, announced Wednesday, forms part of a strategic partnership aimed at expanding Nebius’s hyperscale AI cloud platform and accelerating the deployment of high-performance […]
Foundry Digital plans to launch an institutional-grade Zcash mining pool in April, expanding the largest Bitcoin mining pool operator into the privacy-focused cryptocurrency network. The Rochester, New York-based company said on Wednesday the new service is designed to provide a compliant mining infrastructure for Zcash that can support institutional and publicly traded miners. Foundry currently […]
Venture capital firm Andreessen Horowitz (a16z) announced today that it has led a $500 million Series B investment in Nexthop AI, a networking startup designed to build high-performance infrastructure specifically for the artificial intelligence era. The round includes participation from Lightspeed Venture Partners. As hyperscalers rapidly expand their AI clusters, traditional networking hardware is increasingly […]
Artificial intelligence is having its electricity moment. Across global markets, utilities are scrambling to connect massive new data centers. Tech giants are locking in gigawatts of power. Transmission queues to connect the new generation to the grid are backlogged. Electrical substations are suddenly strategic assets. The AI boom has made one thing clear: computation is […]
U.K.-based Nscale raised $2 billion in a Series C funding round that values the company at $14.6 billion, extending the rise of the AI infrastructure firm spun out of Bitcoin mining company Arkon Energy. Nscale announced the fundraising on Monday, a move underscoring the rapid influx of capital into companies building large-scale computing capacity for […]
Bitfarms (NASDAQ: BITF) is bolstering its leadership ranks with a series of hires aimed at accelerating the company’s expansion into HPC infrastructure while preparing for a shift toward U.S. corporate domiciliation. The Canadian bitcoin miner said Monday it has appointed six executives across infrastructure and corporate roles as it advances new development projects and builds out […]
Sphere 3D (Nasdaq: ANY) has agreed to a business combination with Cathedra Bitcoin in an all-stock transaction as companies in the digital asset mining sector seek scale and broader access to capital. The deal, announced Thursday, will result in Cathedra becoming a wholly owned subsidiary of Sphere 3D. Cathedra shareholders will receive Sphere shares and […]
Cango’s bitcoin mining operations ran 30% below installed capacity in February, underscoring the mounting pressure on miners as industry economics deteriorate. The company reported on Friday that its average operating hashrate fell to 34.55 EH/s last month, despite having 50 EH/s of deployed capacity. Cango attributed the lower operating rate to “temporary downtime associated with […]
Northern Data said demand for its AI compute is accelerating, with its Nvidia GPU fleet approaching full allocation as the German data center operator benefits from growing interest in AI workloads. The Frankfurt-listed company reported on Thursday that utilization of its GPU estate rose from 62% in December to 66% in January and is expected […]
This article first appeared in Miner Weekly, a weekly newsletter by BlocksBridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis from Bitmain Miners. Subscribe to receive in your inbox once a week. It’s not news that public mining hodlers have been selling bitcoin for months. Riot liquidated four times its production in […]