Exciting news for Bitcoin miners! VanEck predicts that shifting just 20% of energy capacity to Artificial Intelligence (AI) and High-Performance Computing (HPC) could unlock a whopping $13.9 billion in annual revenue by 2027 ¹. This innovative move could revolutionize the mining landscape, offering a substantial new revenue stream.
▶️Why AI and HPC?
AI companies are increasingly demanding more energy, and Bitcoin miners are perfectly positioned to capitalize on this trend.
By allocating a portion of their energy capacity to AI and HPC, miners can:
- Diversify revenue streams
- Increase profitability
- Enhance financial stability
▶️Key Benefits:
- $13.9 billion in potential annual revenue
- 20% energy capacity shift
- Doubling of mining stock values by 2028
- Improved financing terms
- Reduced cost of capital
▶️Pioneering Miners:
Companies like Core Scientific and TeraWulf are already embracing AI and HPC, outperforming Bitcoin itself in year-to-date returns. This strategic move demonstrates the vast potential for miners to thrive in the AI and HPC sectors.
▶️Embracing Innovation:
As the connections between Bitcoin mining, AI, HPC, and electric grids strengthen, miners can unlock new opportunities. By embracing innovation and diversification, Bitcoin miners can secure a brighter, more prosperous future.
▶️Join the conversation:
Share your thoughts on this game-changing trend! How do you think AI and HPC will impact the Bitcoin mining landscape?
https://cointelegraph.com/news/bitcoin-mining-firms-artificial-intelligence-ai-hpc-revenue-boost

#BitcoinMining #AI #HPC #artificialintelligence

A group of investors have sued #iren , formerly Iris Energy, claiming the bitcoin miner misled them about its computing power and business prospects.

At issue in the class action lawsuit is IREN's facility in Childress, #Texas , which was billed as a data center and was ready, the company claimed, for high-performance computing (#HPC ). However, that's not what actually turned out to be the case.

The statement was knowingly false and misleading at the time it was issued because it overstated the company's prospects for HPC, given that its Childress site was ill-equipped for use as a data center and HPC, the lawsuit alleged.

The investors said they would not have invested in IREN had they known its prospects were “artificially and falsely inflated.” They also said the air-cooling design the company used to prevent the equipment from overheating was not properly tested and, because of that, failed to perform.

IREN's co-founders and co-#Ceo s, brothers Daniel and William Roberts, and the company's CFO, Belinda Nucifora, are named as defendants in the lawsuit. Investors are demanding compensation from them for damages.

IREN's stock price fell 6.71% to $7.51 on Wednesday, October 9, but has gained 10.44% since the beginning of the year.

IREN ranks seventh among bitcoin miners in terms of market capitalization, which is $1.42 billion.
#10MTradersLeague

Solidus #AITECH is an #HPC (High Performance Computing) service provider that is dedicated to developing AI and blockchain technology through its own data centers and a token driven paradigm. Their prospects and the solutions it brings to the space has captured my attention as a #SolidusHUB Miner on @DAO Labs #SocialMining Galaxy.

The company was set up in 2017 as an Ethreum Mining Company, however, soon after that, it saw the writing on the wall, and bearing in mind that Ethreum would not be mined but proof staked, #SolidusAiTech focused its efforts on providing GPUs and AI services. Currently, Solidus boasts of an airy 8000 square feet Green Data Center located in Bucharest, fully equipped to handle the growing demand for the provision of artificial intelligence related projects, government works, and blockchain services. The $AITECH Token sits at the center of this ecosystem by availing different services such virtual GPU’s, AI services, and investment in projects, to users of the platform while further enabling computing decentralization.

Solidus AI Tech’s ecosystem is built to address the growing need for accessible and efficient computing power. Their main solutions include:
1. GPU Marketplace: This marketplace allows users to rent GPU resources as needed, offering flexibility for tasks like AI research or even cloud gaming. Users pay only for the power they need, removing the need for high upfront hardware investments.
2. AI Marketplace: Solidus’s AI Marketplace offers tools designed to help automate tasks for businesses and personal projects, organized into foundational models, agents, and standalone AI tools, providing accessible AI resources for any user.

3. AITECH Launchpad: Designed for early-stage project investments, the launchpad allows $AITECH holders to participate in seed, private, and public rounds, focusing on projects that align with AI and computational infrastructure.
4. Government Solutions: Solidus is developing a blockchain-based platform tailored for government needs, offering solutions like identity management, process automation, and secure data handling. This platform ensures compliance with privacy standards, making it highly suitable for secure public sector applications.
Solidus’s Vision!
Solidus AI Tech imagines a world of high-performance computing within reach of everyone, from enterprises to individual developers. They seek to bridge the gap by making AI tools cheaper and encouraging people to use them for purposes such as scientific research, CGI animation, or deep learning. In line with this vision, they are also keen on constructing supplementary green data centers in various parts of the globe in order to promote the HPC and AI regions which do not have such capabilities.

In this context, Solidus AI Tech’s vision is to revolutionize computing by offering solutions for multiple industries, with healthcare and smart cities being two of them. Their business does not rely on a singular cloud architecture like most people envision but instead favors a more decentralized network where users can utilize resources on each other’s machines — a true cloud network. It inspires creativity and connectivity without sacrificing the computing strength that the entire world seeks and in an economical manner.

The Solidus #AITech GPU Marketplace is a comprehensive platform designed to bring high-performance GPU computing within reach of users across industries. By connecting a network of powerful GPUs through an easy-to-use interface, the marketplace is an ideal solution for developers, businesses, and researchers aiming to scale their projects efficiently.

What is the Solidus AI Tech GPU Marketplace?
The marketplace offers users access to a selection of GPUs from global vendors and a state-of-the-art HPC data center. This setup enables tasks that demand heavy computational power, like model training, simulations, video rendering, and beyond.

How Does It Work?
Users can browse and select #GPU instances tailored to their needs. With options for customizing the operating system and computing environment, they can deploy their chosen instance in one click.
For added convenience, the marketplace provides real-time usage analytics and performance logs, empowering users to monitor and manage resources effectively.

What are the Key Benefits?
Cost Efficiency: Competitive pricing democratizes access to GPU power, allowing businesses of all sizes to afford advanced computing resources.Flexibility and Control: Customizable configurations make it easy to find and deploy the right setup for any project.Streamlined for Vendors: GPU vendors also benefit, as they can list and manage offerings while reaching a broad audience, simplifying operations and maximizing ROI.
In summary, the Solidus AI Tech GPU Marketplace revolutionizes access to high-performance computing, empowering users and vendors alike to harness powerful computing resources for their innovative projects. @AITECH #HPC