Hut 8 tips 66% hashrate boost after deal to buy 31K Bitcoin miners

November 7, 2024 Coin Telegraph

Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.

Bitcoin miner Hut 8 forecasts its self-mining hash rate will increase by 66% around the first quarter of 2025 after agreeing to buy 31,145 Bitmain Antminers S21+ machines.

Hut 8 agreed to pay $15 per terahash for the miners, scheduled for delivery in early Q1 2025, the firm revealed in a Nov. 6 statement.

Hut 8 expects its self-mining hashrate to increase from 5.6 exahashes per second to around 9.3 exhashes per second (EH/s) once the machines are installed — marking a 66% increase.

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Core Scientific to host more CoreWeave infrastructure, targets $8.7B revenue

October 22, 2024 Coin Telegraph

Core Scientific to host more CoreWeave infrastructure, targets .7B revenue

CoreWeave has exercised its final option agreement with Core Scientific, adding 120 MW of critical IT infrastructure to power Nvidia GPU operations.

Bitcoin miner Core Scientific has announced the expansion of its hosting contract with artificial intelligence computing firm CoreWeave.

According to an Oct. 22 announcement, the extended agreement adds 120 megawatts (MW) of power to CoreWeave’s high-performance computing (HPC) operations, bringing the total to 500 MW across six Core Scientific sites.

The revised partnership is expected to generate up to $8.7 billion in revenue over the next 12 years for Core Scientific.

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BTC Miner Core Scientific Expands Contract With Coreweave, Eyes $8.7B in HPC Revenue

October 22, 2024 Bitcoin.com

BTC Miner Core Scientific Expands Contract With Coreweave, Eyes .7B in HPC Revenue

Core Scientific has revealed that Coreweave has chosen to expand its high-performance computing (HPC) infrastructure by another 120 megawatts (MW), pushing the total contracted capacity to around 500 MW. Core Scientific and Coreweave Extend Partnership This contract extension could bring Core Scientific’s (Nasdaq: CORZ) total revenue up to $8.7 billion over the next 12 years. […]

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Converting mining sites to AI data centers isn’t seamless: Sabre56 CEO

September 4, 2024 Coin Telegraph

According to CEO Phil Harvey, Bitcoin miners will average roughly $1.50 in revenue per terahash every month during the current market cycle.

As Bitcoin mining companies attempt to diversify operations into data centers to bolster revenue, the headlines have been dominated by this purported shift to high-performance computing. Phil Harvey—CEO of blockchain data center consulting firm Sabre56—sat down with Cointelegraph to explain why these headlines are unrealistic.

Harvey stressed that running an AI or high-performance data center is substantially more expensive than running a crypto mining facility. The CEO said a typical commercial mining operation costs between $300,000 and 350,000 per megawatt to run. In contrast, AI data centers cost between $3 million and $5 million per megawatt to run—a 10-15x increase.

According to the CEO, a mining operation with a gigawatt of available power will only be able to convert a maximum of roughly 200 megawatts of power for high-performance computing needs. The CEO told Cointelegraph:

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Bit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid

August 20, 2024 Bitcoin.com

Bit Digital Expands AI and HPC Footprint, Signs 0 Million Agreement With Boosteroid

Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit Digital […]

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Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal

September 27, 2021 Bitcoin.com

33K miners

On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement. Northern Data AG Acquires Bitfield N.V. — Firm […]

HPC

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