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Artificial intelligence and blockchain technology can be considered two of the greatest innovation drivers of the last decade, already having influenced various sectors such as finance, supply chain management and more. Thus, it stands to reason that combining the two technologies can unlock even further possibilities.While the use of artificial
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Applied Digital will be deploying HPE's Cray XD supercomputers in its AI cloud service. Source
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Shares of miner Applied Digital surged on Nasdaq as the firm announced a second AI cloud hosting deal. Source
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On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be beneficial to the Texas grid during the upcoming winter and extreme peak load
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The CFTC oversees futures markets of commodities, bonds and foreign-exchange products, while the Securities and Exchange Commission oversees securities markets, including those for stocks and bonds. It remains unclear which agency will regulate crypto spot markets, though it appears both agencies want to do that. The CFTC currently regulates crypto
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This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North Dakota. Applied Digital Enters
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Debt has been a sore spot for some crypto miners, some of whom have faced margin calls on their loans as the value of their collateral, usually bitcoin or equipment, has diminished during the past few months' market rout. However, given the capital heavy nature of the mining business, raising
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“With locked-in long-term contracts amid persistently high hosting demand as well as significantly lower equity capital needs, we think APLD is poised to revalue significantly,” said DA Davidson’s Brendler, who reiterated his buy rating on Applied’s stock. Source
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According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered with bitcoin miners that are
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