Major U.S. public Bitcoin miners including Cipher Digital, Bitfarms, and Core Scientific are selling Bitcoin holdings and rebranding to chase AI/HPC leases with hyperscalers like Microsoft and Google, amid industry-wide profitability challenges.
Two major Bitcoin miners, MARA Holdings and Core Scientific, are shifting strategies to sell portions of their bitcoin holdings as they pivot toward AI and high-performance computing operations.
Canaan (CAN) acquired Cipher Mining’s 49% stake in three West Texas mining projects for $39.75 million in shares, giving Cipher a significant equity stake in Canaan.
Texas A&M Professor Korok Ray announced the launch of the Bitcoin Research Institute to explore the integration of Bitcoin and artificial intelligence.
As artificial intelligence grows, so do attempts to control it. But, if we can differentiate the real risks from the fake risks, this technology could be used to encourage diversity of thought and ideas.