Fun

News Feed - 2023-08-29 11:08:29

Gareth Jenkinson9 hours agoIris Energy buys 248 Nvidia GPUs worth $10M for generative AI and Bitcoin miningIris Energy has invested $10 million in the latest generation of Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining.22804 Total views17 Total sharesListen to article 0:00NewsJoin us on social networksNasdaq-listed Iris Energy has bought 248 state-of-the-art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative artificial intelligence (AI) in addition to its core business focus on Bitcoin (BTC) mining.


The firm expects to receive delivery of the 248 GPUs in the coming months and plans to deploy the hardware to serve opportunities in cloud computing.


Iris Energy co-founder and co-CEO Daniel Roberts said the company was looking to leverage its existing data centers into serving generative AI computing requirements:“We believe demand for sustainable computing is unlikely to go away, and feel we are uniquely positioned to capture ongoing growth in the broader industry; whether that be ASICs for Bitcoin mining, or GPUs for generative AI and beyond.”


Iris Energy operates in regions that have an abundance of renewable energy — including wind, solar and hydro — and has set up its modular data centers nearby to the source of low-cost excess renewable energy to be monetized for Bitcoin.Nvidia’s H100 Tensor Core GPU. Source: Nvidia


According to Iris Energy’s website, it has four major data center mining facilities, including Canal Flats, Mackenzie and Prince George in Canada’s British Columbia as well as its Childress site in Texas.


Related: Tether CTO stays silent on Bitcoin mining locations


Renewable-powered Bitcoin mining operations continue to attract investment, with Genesis Digital Assets Limited opening a new data center in Sweden in August 2023 that will operate off abundant power from the nearby Porjus Hydroelectric Power Station.


Meanwhile, Blockstream recently announced its intent to raise up to $50 million in an official investment note to purchase, store and then sell BTC mining hardware ahead of Bitcoin’s next halving event in 2024. 


GPU hardware manufacturer Nvidia has also seen significant windfall from the rise of AI-powered tools and AI computing, with its total market capitalization eclipsing $1 trillion in May 2023.


Nvidia also recently teased its next-generation GH200 Grace Hopper Superchip, which is touted to be able to process complex generative AI workloads, including large language models, recommender systems and vector databases.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine: Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon# Bitcoin# Blockchain# NVidia# Mining# Cloud Mining# Bitcoin Mining# AI# Mining Pools# Energy# GPUAdd reactionAdd reactionRead moreHow to earn passive income with peer-to-peer lendingHow to host an event in the metaverseBorneo authorities seize illegal crypto miners running off stolen power

News Feed

SEC Asking for Jurisdiction Over All Crypto Exchanges Is ‘a Blatant Power Grab,’ Says Lawmaker
SEC Asking for Jurisdiction Over All Crypto Exchanges Is "a Blatant Power Grab," Says Lawmaker U.S. Congressman Patrick McHenry has slammed the U.S. Securities a
Cloudbet Unveils Betting With Gold in Gaming World First
Cloudbet Unveils Betting With Gold in Gaming World First Cloudbet, the pioneering crypto casino and sportsbook, has added Pax Gold to its platform, making histor
Mastercard Launches Digital Currency Testing Platform for Central Banks
Mastercard Launches Digital Currency Testing Platform for Central BanksMastercard has launched a digital currency testing platform aimed at helping central banks test their digital
EOS Maker Block.One Expands US Footprint With DC-Area HQ
Block.One, the software company behind the EOS blockchain, will expand its U.S. footprint with a new headquarters and a $10 million investment in Arlington County, Va. Virginia Gov.
Is China warming up to Bitcoin ETFs? BTC investor’s reply sparks curiosity
Prashant Jha13 hours agoIs China warming up to Bitcoin ETFs? BTC investor’s reply sparks curiosityThe trade agreements between China and Hong Kong could allow mainland investors to access spot BTC ETFs in Hong Kong.332
JUST IN: $118 Million of Plustoken BTC on the Move Again – New Dump Incoming?
JUST IN: $118 Million of Plustoken BTC on the Move Again – New Dump Incoming? Plustoken’s stash of bitcoin is on the move again. The haul of ill-gotten gains, amassed dur
Buy Bitcoin because ‘your wealth is melting’ away — Unchained report
Nancy Lubale8 hours agoBuy Bitcoin because ‘your wealth is melting’ away — Unchained reportResearch by Unchained suggests that Bitcoin is the best savings tool for investors due to its unique monetary properties.34
Paxful Celebrates the Real Reasons People Use Bitcoin Everyday With #BitcoinForAll Giveaway
Paxful Celebrates the Real Reasons People Use Bitcoin Everyday With #BitcoinForAll Giveaway Paxful, one of the largest peer-to-peer cryptocurrency marketplaces i
Martin Young4 hours agoDecentralized finance yet to pose ‘meaningful risk’ to stability — EU regulatorThe European Securities and Markets Authority argued that DeFi was still too small to pose any sizeable risks to
Gaming Giant Ubisoft Mentions Blockchain in Recent Earnings Report
Gaming Giant Ubisoft Mentions Blockchain in Recent Earnings Report Ubisoft, one of the biggest gaming companies in the entertainment world, mentioned blockchain as one of the key p
Record Producer Steve Aoki and Spawn Creator Todd McFarlane to Launch Solana-Powered NFT Market
Record Producer Steve Aoki and Spawn Creator Todd McFarlane to Launch Solana-Powered NFT Market On November 9, the two-time Grammy-nominated producer and DJ, Steve Aoki, announced
Pro-crypto US voters turning to Trump, but don’t trust either party
Derek Andersen4 hours agoPro-crypto US voters turning to Trump, but don’t trust either partyCrypto ownership is not highly correlated with party affiliation, but it could make up its own voting bloc, a Paradigm poll sa