Is AI more appealing than crypto now? A major Bitcoin miner has decided to pivot to AI data centers - here's why
techradar.com
- Bitfarm shifts from mining legacy coins to hosting a large Nvidia-powered AI infrastructure
- Massive power reserves give the company unusual leverage in entering AI workloads
- AI pivot follows steep financial losses driven by volatile digital asset markets
Bitfarm, a major Bitcoin mining company with twelve facilities dedicated to cryptocurrency operations, has announced plans to abandon crypto mining entirely by 2027 and shift to AI data center services.
It currently has an energized capacity of 341 megawatts, which it claims can support large-scale deployment of server racks such as Nvidia's GB300 NVL72 units.
The company states having existing power infrastructure allows it to begin scaling without entering lengthy negotiations with local authorities and power suppliers.
Bitfarm's existing energy capacity ...
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