(Reuters) – Toronto- based bitcoin miner Bitfarms has actually gotten 2 experts to check out just how it can change a few of its centers to fulfill the expanding need for expert system information facilities, it claimed on Friday.
WHY IT is essential
Crypto miners commonly possess huge stories of land and considerable power sources– possessions that are likewise important for high-performance computer (HPC) and AI information facilities.
To profit from the AI boom, several miners have actually started to repurpose components of their procedures right into information facilities, offered they currently have a lot of the framework.
Critics of the strategy, nonetheless, caution that the change might not achieve success due to the fact that AI information facilities are a lot more advanced.
CONTEXT
Bitfarms claimed the experts, Appleby Strategy Group and World Wide Technology, will certainly evaluate its North American websites.
They will certainly likewise encourage the firm on its computer and AI technique, while marketing the websites to possible clients.
Earlier this month, Riot Platforms released an evaluation of the possible AI and calculating usages for components of its center in Navarro County, Texas.
SECRET QUOTE
“The contracts associated with HPC/AI customers provide long-term, steady cash flows and earnings streams, while our bitcoin mining operations will continue to monetize bitcoin’s flexible upside potential,” Bitfarms CHIEF EXECUTIVE OFFICER Ben Gagnon claimed.
(Reporting by Niket Nishant in Bengaluru; Editing by Shreya Biswas)
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