According to Odaily, private equity (PE) giants have begun collaborating with Bitcoin miners on artificial intelligence (AI) facilities. Adam Sullivan, CEO of Core Scientific, stated that since announcing the CoreWeave AI infrastructure deal, the company has received several financing and partnership offers from top PE firms. These PE firms are pursuing data center businesses related to AI computational capabilities and view the existing infrastructure of Bitcoin miners as an attractive option.
The collaboration between PE firms and Bitcoin miners marks a significant shift in the industry, as it combines the financial power of PE firms with the technological capabilities of Bitcoin miners. This partnership could potentially lead to advancements in AI technology and infrastructure, as well as provide a new avenue for investment for PE firms.
It's important to note that this development comes at a time when the demand for AI technology and infrastructure is on the rise. As such, the move by PE firms to invest in this sector could be seen as a strategic one, aimed at capitalizing on the growing market. The involvement of Bitcoin miners, on the other hand, could provide them with additional resources to expand their operations and further develop their infrastructure.