Bitcoin mining company Core Scientific, emerging from bankruptcy, has signed a historic 12-year agreement with AI cloud provider CoreWeave. The partnership is expected to generate more than $3.5 billion in revenue. The company plans to convert 500 megawatts of its current Bitcoin mining capacity into AI-ready data infrastructure. 🌐💡
Microsoft, a significant investor in OpenAI, faces a 30% increase in greenhouse gas emissions due to its AI push, jeopardizing its pledge to become carbon neutral by 2030. One of Microsoft's new data centers in Arizona is expected to require more than 50 million gallons of potable water per year. 💧🔋
Nvidia recently released new high-performance GPUs that are said to deliver 25x improvement in power efficiency compared to previous generations. Bitcoin miners can flexibly change their electricity demand at any time, which is an advantage over static data centers despite their energy intensity. ⚡🌿
Combining Bitcoin mining with AI data centers is not a one-size-fits-all solution to protecting the environment or providing a profitable turnaround for cryptocurrency miners. However, miners can become important players in regions with abundant geothermal and hydroelectric resources, as they provide constant demand and other sources of income. 🌍🔗