By admin Bitcoin mining companies are increasingly repurposing their sites into AI and high performance computing data centers because AI work pays more per unit of power than mining. The April 2024 halving cut block rewards to 3.125 BTC, which pushed many public miners to face cash costs near or above revenue. One report put […]
Tag: IREN
By Emir Abyazov Key highlights: QCP Capital says markets remain outwardly stable, but underlying vulnerabilities are increasing across stocks and cryptocurrencies. The Federal Reserve has slowed the pace of rate cuts, signaling caution as inflation risks persist and growth remains uneven. Structural risks in crypto and heavy AI investment could amplify volatility if market sentiment […]
By Marco Piccolo Key highlights: IREN signs a five-year, $9.7 billion cloud compute agreement with Microsoft, making it the tech giant’s largest AI cloud provider. The deal includes phased deployment of Nvidia GB300 GPUs and $5.8 billion in equipment supplied via Dell Technologies. IREN shares soar over 20%, extending a year-to-date rally of more than […]