Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave
Publishing timestamp: 2024-07-18 09:13:21
Summary
Lancium and Crusoe Energy Systems announced a multibillion-dollar deal to build a large AI data center in Texas, signaling a shift from bitcoin mining to AI infrastructure. The merger between bitcoin miners and AI companies is accelerating, with companies like Bit Digital and Hut 8 diversifying into AI. The industry is seeing partnerships and investments in AI infrastructure, with a focus on renewable energy sources and nuclear power to meet the growing demand for data centers.
Sentiment: MIXED
Tickers: BTC.CM=, HUT-CA, CORZQ, NVDA, XOM,
Keywords: cryptocurrency, business news, fintech, energy, bitcoin, bitcoin/usd coin metrics, core scientific inc, technology,