Galaxy Raises $1.4 Billion to Enhance Helios Data Center for AI and HPC
The investment firm led by Mike Novogratz anticipates that its partnership with CoreWeave could yield an annual revenue of $1 billion over 15 years.
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The investment firm led by Mike Novogratz anticipates that its partnership with CoreWeave could yield an annual revenue of $1 billion over 15 years.
MARA's acquisition of Exaion signals a significant shift from traditional bitcoin mining towards the booming market of high-performance computing.
According to a JPMorgan report, Bitcoin miners with high-performance computing exposure have faced losses for three consecutive months, amidst an increase in network hashrate.
Shares of Galaxy Digital increased by 8%, reflecting a significant shift toward AI and HPC infrastructure with CoreWeave.
Riot Platforms reports significant increases in Bitcoin production and unveils plans for further expansion into AI capacities.
Initial funding of $50 million supports the early phases; a comprehensive $300 million facility is set to support the development of a 500 MW high-performance computing site in Pennsylvania.
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