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Bit Digital diversifies crypto mining business with major AI expansion

Bit Digital is extending its crypto mining operations into the AI sector, signing a pivotal GPU rental contract and investing $35 million in high-performance computing hardware. New York-based digital asset and cloud computing firm Bit Digital is diversifying its portfolio by launching a new business vertical called Bit Digital AI. This

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Bitcoin (BTC) Miner Bit Digital (BTBT) Diversifies Into ‘Substantially Higher Margin’ AI Infrastructure Business

The miner will rent out a minimum of 1,024 graphic processing units (GPU) and a maximum of 4,096 GPUs to the unidentified customer. The deal, at minimum, is expected to generate between $23 million and $27 million in annual revenue, starting January 2024. If extended to three years and with

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Mantle pauses token migration to stop FTX from converting $43M in BIT tokens to MNT

A community member started a discussion among participants in the Mantle decentralized autonomous organization (DAO), proposing to restrict the collapsed FTX exchange and Alameda Research from converting their BitDAO (BIT) tokens worth $43 million to Mantle (MNT) amid the ongoing token migration process. Community discussion on preventing FTX from converting its

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CoinSmart president says crypto taxes are a ‘little bit more favorable’ outside US

Jeremy Koven, the president of Canada-based crypto exchange CoinSmart and SmartPay president at WonderFi, pointed to areas of concern for crypto firms in the United States looking for regulatory clarity and favorable tax policy. Speaking to Cointelegraph at the Blockchain Futurist conference in Toronto on Aug. 16, Koven said promoting crypto

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BitDAO proposes to replace BIT token in branding revamp

A proposal seeking to apply a "One Brand, One token" principle has been pushed to a vote on BitDAO's Snapshot, calling for substituting BitDAO's token (BIT) under a new governance token. Snapshot serves as an off-chain governance voting platform for decentralized autonomous organizations (DAOs) and other blockchain projects.According to proposal

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