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Microsoft has reportedly signed a deal with former Ethereum miner CoreWeave to use its cloud computing infrastructure to support its Artificial Intelligence-powered services. According to a June 1 report from CNBC which cites “people with knowledge of the matter,” Microsoft is potentially set to spend billions of dollars on the
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CleanSpark has been buying up assets during the bear market to reach its 2023-end of 16 EH/s, but discounts are getting smaller. Source
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Crypto miners like these two work on oil and natural gas wells where excess gas is released, or flared into the atmosphere, adding carbon dioxide equivalents, particularly methane. The miners instead set up power generators that burn that excess gas, extracting energy and using it to power bitcoin mining rigs. Original
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Once the crypto industry’s largest mining company, Core Scientific suffered an astounding, and swift, fall from grace last November, when bitcoin prices cratered amid cryptocurrency exchange FTX’s mid-November implosion. The company went public with a $4.3 billion valuation in 2021, but its market capitalization had fallen to $78 million by
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MIAMI BEACH, Florida – Bitcoin mining behemoth Marathon Digital Holdings (MARA) says it will match up to $500,000 in donations to non-profit Bitcoin research and development firm Brink, on a two-for-one basis during the Bitcoin 2023 conference in Miami Beach, Florida, and subsequently match additional donations on a one-for-one basis
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Executives of Nasdaq-listed semiconductor firm Silicon Laboratories participated in the round. Source
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"The Auradine team of bold entrepreneurs are building a web infrastructure platform that will enable a new era of decentralized and distributed applications," said Chaddha, managing director at Mayfield, in the press release. "We are excited to serve as an inception investor on their journey to leverage AI, blockchain, and
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In Q1 2023, the bitcoin miner's net loss per share narrowed to 1 cent, from 8 cents the previous quarter. Source
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Crypto mining firm Riot Platforms – formerly Riot Blockchain – is seeking to recover “more than $26 million” in alleged unpaid fees from Texas-based Bitcoin (BTC) miner, Rhodian Enterprises, according to its Q1 2023 report.Published on May 10, Riot's Q1 2023 financial report stated that Whinstone – a wholly owned subsidiary of
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Riot claims that Rhodium "deliberately miscalculated" how much in hosting fees it had to pay for Riot's hosting services. The two were supposed to share the net revenue from Rhodium's mining at the Whinstone facilities, said the lawsuit, which further alleged that the Rhodium entities short-changed Whinstone for $26 million
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