Bitcoin Mining Is So Back (Except It’s AI Now)
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.
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Chainbase Raises $15M to Grow Omnichain Data Network
Chainbase’s aim is to provide unbiased and transparent data that is not controlled by a small number of dominant companies.
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein
The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.
Morgan Creek Digital to Raise up to $500M for New Web3 Venture Capital Fund
The new fund will target early stage opportunities in AI, blockchain technology, chips and data.
Why AI’s Energy Use Isn’t Demonized Like Bitcoin’s
AI’s utility is more obvious to everyday people than crypto’s, and AI’s risks are so much greater that power consumption fears seem beside the point.
Top Crypto VC Says Ex-General Partner Made Undisclosed Side Deal With Portfolio Company
Polychain says Niraj Pant broke the fund’s policies by secretly accepting “adviser” tokens from Eclipse.
Private Equity Giants Are Circling Bitcoin Miners on AI Allure
Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.
Bittensor’s TAO Slides 15% After $8M Wallet Drain Attack
The blockchain was paused early Wednesday to contain the exploit, with security researchers suspecting a private key leakage.
Ora, Aiming to ‘Unlock Design Space for AI Dapps,’ Raises $20M
The project, founded in 2022, says it aims to incorporate AI into decentralized applications with its “on-chain AI oracle.”
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.