January 31 (Reuters) – Bitcoin Miner Bitcarms based mostly in Toronto (Bitf.to)Open a brand new tab He has recruited two consultants to discover how he can remodel a few of its amenities to satisfy the rising demand for synthetic intelligence knowledge facilities, he stated Friday.
Why is it essential
Cryptographic miners usually have giant land frames and vital energy sources, property which are additionally essential for top efficiency computing (HPC) and AI knowledge facilities.
To capitalize on the AI growth, many miners have begun to reuse elements of their operations in knowledge facilities, since they have already got a lot of the infrastructure.
Nonetheless, critics of the method warn that change might not succeed as a result of AI knowledge facilities are extra subtle.
CONTEXT
Bit Farms stated the consultants, Appleby Technique Group and World Large Expertise, will analyze their North American websites.
They can even advise the corporate about its laptop and AI technique, whereas promoting locations to potential shoppers.
Earlier this month, Riot Platforms (Riot.O)Open a brand new tabHe launched a evaluateOpen a brand new tab of the potential AI and the pc makes use of for elements of its amenities in Navarro County, Texas.
Key occasion
“Contracts related to HPC/AI shoppers present fixed lengthy -term money flows and revenue flows, whereas our Bitcoin mining operations will proceed to monetize the Bitcoin versatile rising potential,” stated the Bitfarms CEO, Ben Gagnon .
