The Bitcoin (CRYPTO: BTC) mining bust just found its silver lining — and it’s glowing green with Nvidia Corp (NASDAQ:NVDA)-powered AI. As Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google and Microsoft Corp (NASDAQ:MSFT) scramble to secure low-cost, high-density data centers for their next wave of AI expansion, they’ve stumbled upon an unlikely landlord – the crypto miners they once helped render obsolete – now retrofitted with Nvidia GPUs to handle the compute-heavy demands of modern AI.
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From Crypto Crash To Cloud Gold Rush
After Bitcoin’s profitability plunged, miners sitting on cheap power and stranded infrastructure were forced to pivot — fast. Now those same megawatt farms are being reborn as GPU fortresses for artificial intelligence workloads.
Cipher Mining Inc (NASDAQ:CIFR) struck a 10-year, 170 MW hosting deal with Fluidstack, backed by none other than Google, which also grabbed a 5% equity stake. Cipher’s facilities are being fitted for high-density AI …