Galaxy Digital explores AI potential in response to Bitcoin mining slowdown

CAT November 7, 2024 1 min read

Oluwapelumi Adejumo

Galaxy Digital is the latest Bitcoin mining firm exploring a shift to AI, driven by increasing competition and rising mining difficulty within the sector. In its third-quarter earnings report released on Nov. 7, Galaxy announced a preliminary agreement with an undisclosed US hyperscaler—a large data center operator—to potentially convert its 800-megawatt (MW) Helios mining facility […]

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Galaxy Digital explores AI potential in response to Bitcoin mining slowdown

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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