Nvidia secured a $9 billion compute deal for AI services, utilizing infrastructure derived from former Bitcoin mining operations.
1 report, 1 independent
Updated Aug 16
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What happened
Nvidia secured a $9 billion compute deal for AI services, utilizing infrastructure derived from former Bitcoin mining operations.
Who's involved
What this event is mainly aboutKeep exploring
Part of
A pivot is underway from Bitcoin mining to AI, with companies leveraging corporate contracts and benefits from Trump-era tariffs.Also in this story
- IREN is pivoting from Bitcoin mining to AI infrastructure, utilizing Nvidia systems and partnering with Microsoft and Dell.
- Bitcoin market sentiment is being influenced by the FED's hawkish stance on rate hikes and reforms pushed by the Trump administration.
The entities involved
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Nvidia
American multinational technology company
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Bitcoin
digital cash system and associated currency
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Anthropic
American artificial intelligence corporation
Related events
- Nvidia has acquired Groq to integrate its specialized AI chips into its dominant ecosystem, amidst high market spending pressures.
- CoreWeave utilized Nvidia GPUs for cryptocurrency mining, specifically for Ethereum and Bitcoin, while also providing AI infrastructure to tech companies.
- Major AI firms, including Anthropic, OpenAI, Google, and Nvidia, signed a voluntary safety accord.
- Researchers from Intel, Google, and others confirmed a new concept using Nvidia GPUs in an OCP demonstration.
- OpenAI, SpaceX, and Oracle are engaging in multiple new financing and hardware procurement deals with firms like Broadcom, Nvidia, and Goldman Sachs.