DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Asher Genoot - 2 CoreWeave - 2 Nolan - 1 Robert Daemmrich - 1 Ali Fenn - 1 Chase Lochmiller - 1 Crusoe's - 1 JPMorgan Chase - 1
Top related locs:
Buffalo Taylor Abilene , Texas West Texas Abilene Houston Denver U.S
Top related orgs:
CNBC - 2 Nvidia - 2 CoreWeave - 2 Miners - 2 Corbis - 1 American - 1 Energy Systems - 1 Mining - 1

Search resuls for: "Asher Genoot"


2 mentions found


☆ Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave
  + stars: | 2024-07-18 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +7 min
watch nowThere are a lot of synergies between the bitcoin mining and AI infrastructure businesses. watch nowBeefing up the gridFor years, Crusoe's work has been virtually synonymous with the bitcoin mining industry. But Crusoe's Lochmiller told CNBC that AI infrastructure has actually been part of the vision since the company's founding six years ago. Back in 2018, Fenn says that the only load that was a good fit for this was bitcoin mining. "That has all changed now, with AI data centers optimized for massive scale energy availability, cost, and greenness.
Persons: Nolan, Robert Daemmrich, Ali Fenn, Chase Lochmiller, Crusoe's, JPMorgan Chase, Asher Genoot, Riley, CoreWeave, Crusoe's Lochmiller, Lancium's Fenn, Lancium, Fenn Organizations: Corbis, American, Energy Systems, CNBC, Mining, JPMorgan, Nvidia, CoreWeave, Core, ExxonMobil, Crusoe Industries, Miners Locations: Buffalo, Taylor, Abilene , Texas, West Texas, Abilene, Houston, Denver, U.S, Iceland, Miami, North Dakota, Texas
☆ Bitcoin miners sink millions into AI businesses, seeking billions in return
  + stars: | 2024-06-03 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +8 min
Late Monday, Core Scientific announced a 12-year deal with cloud provider CoreWeave to provide infrastructure for use cases like machine learning. Core Scientific, which emerged from bankruptcy in January, has been mining a mix of digital assets since 2017. Butterfill said the the overlap is leading to a competition for rack space between bitcoin mining and AI activities. While AI operations require up to 20 times the capital expenditure of bitcoin mining, they're more profitable, according to a report from CoinShares. watch now"While we intend to remain one of the largest and most productive bitcoin miners, we expect to have a diversified business model and more predictable cash flows," Sullivan said.
Persons: Marble , North Carolina Carey McKelvey AUSTIN, CoreWeave, Adam Sullivan, Sullivan, OpenAI, James Butterfill, Butterfill, CoinShares, Asher Genoot, Genoot, bitcoin, Needham, They're, Core's Sullivan, there's, Sam Altman, Altman Organizations: Scientific, Core Scientific, Nvidia, CNBC, Iris Energy, CoreWeave, Miners, Electric Power Research Institute Locations: Marble , North Carolina, Marble , North Carolina Carey McKelvey AUSTIN , Texas, bitcoin, CoinShares, Canada, Sweden, capex, United States
0 next >>
Total: 2