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Bitcoin miners are increasingly pivoting to artificial intelligence (AI) to offset shrinking crypto profits. Companies like Core Scientific and Crusoe Energy are leading this shift by leveraging their existing infrastructure for AI data centers. Crusoe Energy announced a multibillion-dollar deal to build a 200-megawatt AI data center in Abilene, Texas, with plans to expand to a 1.2-gigawatt capacity by 2025. Each data center will be able to operate up to 100,000 GPUs. Bloom Energy's stock surged following its partnership with CoreWeave to meet AI energy demands. This trend is particularly notable in Texas, where miners are transforming their operations to support the high energy and computing requirements of AI workloads.
Hurting for revenue and profit, bitcoin miners are looking to activities outside mining bitcoin, such as hosting AI computers, to make up the difference. It's paying off, at least in their stock prices, writes @gckaloudis. https://t.co/qkiKz2Gtcj
Mining firms have expansive data centers with access to fiber lines and large amounts of power. They’re exactly the types of facilities needed for compute-intensive AI operations. https://t.co/8H6Rvfrwpg
4/4 At completion, each data center building will be able to operate up to 100,000 GPUs on a single integrated network fabric, advancing the frontier of data center design and scale for AI training and inference workloads. https://t.co/LrtCU1bjft
