News with the tag "bit digital"

Anyone paying attention to public bitcoin miner markets will know that artificial intelligence (AI) and business pivots to high performance compute (HPC) are all the rage among bitcoin miners. What started as a gradual trend last year has suddenly become a business strategy that many leading public ...

Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost. With a focus on generating predictable revenue, could BTBT emerge as the next dark horse among Bitcoin mining stocks? Analyzing Bit Digital’s (BTBT) Approach to Bitc...

Bit Digital, a prominent Bitcoin mining company based in New York, has announced the acquisition of Enovum Data Centers, a Canada-based high-performance computing (HPC) datacenter operator, for CAD $62.8 million (approximately $46 million). This strategic acquisition, completed on a debt-free and ca...

Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabi...

Cryptocurrency miners in Texas are shifting their focus to AI operations as they seek to cushion themselves from the volatility in the crypto business. As crypto mining becomes unpredictable, supporting AI companies has emerged as a more lucrative alternative. Also read: Bitforex resumes withdrawals...

Bit Digital is extending its crypto mining operations into the AI sector, signing a pivotal GPU rental contract and investing $35 million in high-performance computing hardware.

The firm is looking for a "reliable income stream ... that is uncorrelated to bitcoin prices."

Amid growing regulatory pressure and a proposed cryptocurrency mining tax in the United States, New York-based Bitcoin (BTC) mining company … Continued The post Bit Digital to expand Bitcoin mining to Iceland amid US regulatory pressure appeared first on Finbold .