Iris Energy Invests $10 Million in Nvidia GPUs for AI and Bitcoin Mining Expansion 🤖
Iris Energy, a Nasdaq-listed company, is investing $10 million in 248 state-of-the-art Nvidia H100 GPUs.
While known for Bitcoin #mining , the move reflects their interest in generative AI. The GPUs will be deployed in their data centers, leveraging their proximity to renewable energy sources.
Iris Energy aims to capture growth in various industries, including Bitcoin mining and #AI . This investment aligns with the trend of renewable-powered mining operations gaining traction.
#Nvidia , a major GPU manufacturer, has also benefited from AI's rise. The company's market cap exceeded $1 trillion, and they're unveiling the GH200 Grace Hopper Superchip, designed for complex generative AI tasks.
