Search results for "HPC"
19:54

The mining company MARA will acquire a 64% stake in Exaion to enter the high-performance computing field.

Golden Finance reported that the brokerage HC Wainwright stated in a research report on Tuesday that the Bitcoin mining company MARA will acquire a 64% stake in Exaion, a high-performance computing (HPC) company under the French energy giant EDF, and may increase its stake to 75% before 2027. HC Wainwright maintains a "outperform" rating on MARA stock with a target price of $28.
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BTC-0.91%
01:20

Bitcoin mining companies recover, AI bets determine the outcome

After a sharp sell-off for most of the first quarter, Bitcoin miners' stock prices are showing new signs of recovery — as Bitcoin prices topped $100,000 and mining stocks began to rebound. But the strongest rally has focused on mining companies that are actively pursuing high-performance computing (HPC) or AI hosting initiatives, as investors begin to choose based on growth potential beyond Bitcoin.
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BTC-0.91%
13:10

JPMorgan: The market capitalization of 13 US-listed encryption mining companies rose by 12% in April compared to March.

Golden Finance reports that JPMorgan has released a report showing that Bitcoin mining companies with HPC business underperformed BTC for the third consecutive month in April, including IREN, RIOT, WULF, HUT, etc. Furthermore, as the network hashrate increased, mining profitability decreased in April. Additionally, the total market capitalization of the 13 U.S.-listed encryption mining companies tracked by JPMorgan rose by 12% compared to March.
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15:40

JPMorgan Chase: U.S.-listed bitcoin miners were mixed in the first two weeks of April, and the overall market capitalization fell 2%

J.P. Morgan Chase released a research report pointing out that in the first two weeks of April, U.S.-listed bitcoin miners were mixed, but pure bitcoin across operators outperformed those involved in high-performance computing (HPC), and only MARA Holdings and CleanSpark outperformed Bitcoin. In addition, the combined market capitalization of the 13 US-listed bitcoin miners fell 2% in April to $16.9 billion; In the first two weeks of the month, miners earned about $41,500 in daily block rewards per EH/s, down 12% from March.
BTC-0.91%
15:35

Applied Digital reports quarterly earnings below expectations, plans to divest cloud services business.

According to Gate.io News bot and a report from CoinDesk, Bitcoin mining hosting and cloud services company Applied Digital (APLD) has released its latest quarterly financial report. The data shows that the company's revenue reached $52.9 million, a year-on-year rise of 22%, but below analysts' expectations of $64.5 million. As a result of this news, the company's stock price fell 30% during trading, reaching $3.90. The financial report shows that revenue from cloud services declined by 36% quarter-on-quarter to $17.8 million. The board of Applied Digital has agreed to sell the cloud services business and will focus on developing high-performance computing (HPC) data centers in the future. At the same time, the company is considering transforming into a Real Estate Investment Trust (REIT).
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02:43

Riot Platforms: The Bitcoin holdings have increased to 19223 coins.

Golden Finance reported that Nasdaq-listed Bitcoin mining company Riot Platforms released its unaudited production and operational update report for March, which disclosed that the mining output for March was 533 BTC, with a daily average Bitcoin output of 17.2 coins, a month-on-month rise of 13%. In addition, the company also disclosed that its total Bitcoin holdings have increased to 19,223 coins and will continue to actively promote the construction of AI/HPC data centers.
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BTC-0.91%
23:55

Core Scientific is planning to collaborate with CoreWeave to expand its data center located in Denton, Texas, with an investment of $1.2 billion.

Golden Finance reported that Core Scientific (CORZ) saw a big pump in its stock price after hours on Wednesday, rising by over 11%, as the data center and BTCMining company announced it is planning to collaborate with CoreWeave to expand its data center in Denton, Texas, by $1.2 billion to support artificial intelligence (AI) and high-performance cloud computing (HPC). The statement said that the additional 70 megawatts (MW) of contracted power at the Denton data center will increase the total critical IT load to approximately 260 megawatts.
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02:04

Hive Digital's Q4 revenue reached $29.2 million, holding 2805 BTC

Hive Digital's report shows that by the fourth quarter of 2024, both revenue and income have risen, mainly due to the increase in BTC reserves and the expansion of the HPC business. The company's revenue this quarter reached $29.2 million, with the HPC business contributing $2.5 million. Mining produced 322 BTC, holding 2,805 BTC, valued at $260.8 million, a 263% rise year-on-year. Hive is one of the top 15 BTC holders globally, holding $270.7 million in cash and Cryptocurrency this quarter.
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BTC-0.91%
07:34
BTC mining company Cipher Mining announced that it has received a $50 million PIPE investment from SoftBank. It is reported that SoftBank plans to purchase approximately 10.4 million shares of common stock of the company at a price of $50 million, and the new funds will support its HPC data center development business. (globenewswire)
BTC-0.91%
07:24
According to Tokenpost, BTCMining company Cipher Mining (CIFR) announced that it has received a $50 million investment from SoftBank, which will purchase 10.4 million shares of the company. Cipher Mining said it will use the funds to support the development of high-performance computing (HPC) data centers. Tyler Page, CEO of the company, said that SoftBank's support for technological innovation and AI development aligns with Cipher's vision of becoming a leader in HPC data center development.
BTC-0.91%
03:50

Bitcoin mining company Terawulf plans to issue $350 million in convertible notes to repurchase up to $200 million of outstanding shares

Bitcoin mining company Terawulf plans to raise $350 million in a private offering of convertible notes and grant initial purchasers an option to pay an additional $75 million. The company will use the proceeds to repurchase outstanding common stock up to $200 million. Terawulf will prioritize stock repurchase programs to support strategic opportunities such as organic growth in HPC/AI. The notes will mature in 2030.
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12:50

BTC mining companies are facing the decision to expand market share or fully invest in AI.

BTC mining companies are in a dilemma, facing the choice between a low stock price and expanding their business. Although MARA, RIOT, and CLSK, which have stronger balance sheets and larger mining operations, help cope with the decline in profitability, their stock prices continue to perform poorly. In contrast, mining companies CORZ, WULF, and IREN, which focus on followAI and HPC computing, have better stock performance. These companies use part of their data centers to host AI and HPC-related machines, diversifying their revenue streams, which makes them attractive to investors. Investors' interest in mining stocks has dropped, and the approval of the SpotBTCETF has further decreased investors' optimism in mining stocks.
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BTC-0.91%
02:11

BTC mining company Terawulf is selling 25% of its stake in its nuclear-powered Mining Farm and plans to invest in high-performance computing (HPC) and artificial intelligence data centers.

BlockBeats News, on October 4th, BTC mining company Terawulf sold 25% of its stake in the Nautilus BTC Mining Farm in Pennsylvania, USA to joint venture partner Talen Energy for a price of $92 million. The plan is to reinvest the proceeds into high-performance computing (HPC) and artificial intelligence data centers, with the center expected to be operational by 2025.
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15:14

Brokerage firm B Riley raises Core Scientific's rating to Buy

PANews reported on July 17th that brokerage firm B Riley has upgraded Core Scientific's rating from neutral to buy, and raised the target price from $0.50 to $13, according to CoinDesk. The report pointed out that due to the favorable protocol reached with CoreWeave and the rich experience of the management in operating enterprise data centers, Core Scientific (CORZ) will become the future leader in high-performance computing (HPC) hosting.
CORE-3.02%
12:31

JPMorgan: The global hashrate share of BTCMiner listed in the United States in July hit a new high

Golden Finance reported that BTCMiner listed in the United States has reached a record 26.6% share of the global Hash Rate. The bank stated that all Miners, except for Stronghold Digital, outperformed BTC during this period. Due to the surge in stock prices of both pure Miners and High-Performance Computing (HPC) Miners, BTC mining stocks reached an all-time high in the first two weeks of this month.
BTC-0.91%
SHX-1.78%
05:07
Jibun Data news on May 31st, Lunanlock has locked in AI applications and launched the powerSiP™ innovative power supply platform to reduce signal and transmission losses. Lunanlock said that the powerSiP™ technology innovation can increase the current density by 50% and reduce the wiring power consumption from 12% to 6%, which is a 50% reduction compared to the traditional parallel configuration of wiring power consumption. The industry believes that this technology directly targets the requirements for improving data center efficiency and power consumption. High-performance computing (HPC) chip requirements have shifted from process miniaturization to packaging stacking. This technology strengthens Lunanlock's 3D packaging technology and future operational performance, helping to seize the expanding AI market scale.
06:54

Crypto miner Core Scientific signs 16MW data center contract with CoreWeave

PANews reported on March 7 that crypto miner Core Scientific announced a multi-year contract with CoreWeave to provide up to 16MW of data center infrastructure to support AI and HPC workloads. The contract has a potential revenue of more than $100 million, marks an expansion of Core Scientific's hosting business in Austin and will support CoreWeave's GPU computing needs. The collaboration will foster innovation in the fields of artificial intelligence and high-performance computing. As of January 2024, Core Scientific operates seven data centers in five U.S. states with a total operating capacity of 724MW
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05:18
According to a report by the "Science and Technology Innovation Board Daily" on November 14, Nvidia recently revealed that the Blackwell architecture B100 GPU launched in 2024 will beat A100, H100 and H200 in terms of GPT-3 175B inference performance benchmark, and its AI performance performance will be more than twice that of the Hopper architecture H200 GPU. The market expects that Nvidia will entrust TSMC to OEM Blackwell GPUs with a 3nm process, and Nvidia plans to advance the production time point to Q2 2024. The Blackwell GPU will be NVIDIA's first HPC/AI accelerator designed with chiplets. As previously reported, Nvidia released a new generation of AI processor H200, with a performance increase of up to 90%.
02:42
Tether made a strategic investment in Northern Data Group, a high-performance computing (HPC) infrastructure provider, through its Damoon company. Tether will work with Northern Data Group on several initiatives aimed at leveraging artificial intelligence, peer-to-peer communication, and hyper-resilient data storage solutions to develop accessible solutions that serve communities already using other Tether products.
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02:23
According to a report by Science and Technology Innovation Board Daily on September 8, Wu Tianyu, chief operating officer of ASE, a major semiconductor packaging and testing company, said that in the fields of high-performance computing (HPC) and artificial intelligence (AI), ASE has laid out a number of packaging technologies that can assist AI. Apps mimic human senses.
12:57
According to news from IT House on September 3, Moscow University (MSU) recently launched a new supercomputer called MSU-270, with a peak computing power of 400 "AI" PetaFLOPS, mainly used for various artificial intelligence (AI) ) and high-performance computing (HPC) applications, as well as training large AI models. The MSU-270 uses "the latest graphics accelerators," but MSU didn't disclose their sources.
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14:17
According to PANews on August 18, according to The Block, JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report that before the upcoming halving event, cryptocurrency miners are now preparing for the rapid development of the artificial intelligence market. Provide high-performance computing services, which may be profitable for them. Cryptocurrency mining and artificial intelligence development, including training large language models, require advanced computer chips. Applied Digital recently launched an AI cloud service and signed a $460 million deal to host AI cloud computing in its data centers. Meanwhile, Iris Energy recently revived its strategy of managed HPC services amid growing interest in artificial intelligence.
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10:53
Odaily Planet Daily News Bitcoin mining company Hut 8 Mining released its Q2 financial report, with quarterly revenue of $19.1 million, of which $4.2 million came from high-performance computing (HPC) business. in: - Revenue decreased to $19.2 million for the period ended June 30, 2023, compared to $43.8 million for the second quarter of 2022; - As of June 30, 2023, the company mined 399 bitcoins, a decrease of approximately 58% compared to the second quarter of 2022, mainly due to the decrease in mined bitcoins due to the increase in average bitcoin network difficulty, the company North Suspension of operations at the company's Bay plant and ongoing power issues at the company's Drumheller plant; - High Performance Computing (HPC) business generated primary monthly recurring revenue of $4.2 million in the second quarter of 2023, compared to $4.7 million in the second quarter of 2022; - As of June 30, 2023, the computing power was 2.6 EH/s (excluding the North Bay factory), and the total balance of self-mined bitcoins hosted or pledged by the company was 9,136. In the second quarter of 2023, 399 bits were mined Bitcoin, selling 396 bitcoins, for a gain of $14.7 million.
10:40
Jinse Finance reported that Hut 8 Mining, a Bitcoin mining company, released its operating and financial data for the second quarter of 2023. For the second quarter ended June 30, 2023, revenue decreased by $24.6 million to $19.2 million, compared to $43.8 million in the second quarter of 2022, the report showed. For the quarter ended June 30, 2023, the company mined 399 bitcoins, a decrease of approximately 58% compared to the quarter ended June 30, 2022, primarily due to the increase in average bitcoin network difficulty resulting in the number of bitcoins mined The company’s North Bay plant suspended operations, and the company’s Drumheller plant continued to experience power problems. The company's high-performance computing (HPC) business generated primary monthly recurring revenue of $4.2 million in the second quarter of 2023, compared to $4.7 million in the second quarter of 2022, due to changes in certain low-margin products and services. Discontinuation, loss of customers, partially offset by new sales.
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02:57
Odaily Planet Daily News According to official news, the AI World computing power network has completed the second hardware expansion, the main force is NVIDIA A100 and NVIDIA H100 professional cards, and the newly added H100 enables double-precision Tensor Core Floating point operations per second Increased by 3 times, providing HPC with 60 teraFLOPS of FP64 floating-point operations. High-performance computing applications that incorporate AI can leverage the H100's TF32 precision to achieve 1 petaFLOP of throughput, enabling single-precision matrix multiplication operations without code changes.
00:42
According to news from IT House on July 30, Nvidia's official website announced that Amazon Cloud officially launched a new Amazon Elastic Compute Cloud (EC2) P5 instance powered by Nvidia H100 Tensor Core GPU. According to reports, the service allows users to easily extend generative AI, high-performance computing (HPC) and other applications through a browser. A key feature of the NVIDIA H100 GPU is its optimization of Transformer, a key technology used in many of the latest advanced AI applications, ensuring that the H100 delivers higher performance and efficiency in these applications.
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08:28
According to a report by the Financial Associated Press on July 19, Samsung Electronics' official website announced that it has completed the development of the industry's first Graphics Double Data Rate 7 (GDDR7) DRAM. This year will be first installed on the next-generation system of a major customer for verification. According to reports, the product is expected to expand to future applications such as artificial intelligence, high-performance computing (HPC) and automobiles.
12:11
According to Jinshi's report on July 5, Shanghai Jiao Tong University and Huawei have continued to innovate in the fields of HPC and AI storage. On July 7, the AI storage base jointly created by Shanghai Jiao Tong University and Huawei will be launched at the 2023 World Artificial Intelligence Conference.
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10:42
According to news from Hubei Daily, recently, the Ministry of Science and Technology officially approved to support Wuhan Artificial Intelligence Computing Center in building a national open innovation platform for a new generation of artificial intelligence public computing power. This is the only innovation platform located in Wuhan among the 9 platforms approved for construction this time, and it is also the first national new generation artificial intelligence public computing power open innovation platform approved for construction in Central China. Wuhan Artificial Intelligence Computing Center is the first artificial intelligence computing power platform with public service attributes in China. It has built a total of 200P AI computing power + 4P HPC computing power in two phases. It is currently in full operation and has provided services for more than 300 scientific research institutions, enterprises, and universities. Provide public computing power services, attracting many well-known institutions such as Wuhan University, Chinese Academy of Sciences, and Douyu to settle in.
18:16
Bitcoin Miner Hut 8 Moving 6,400 Rigs From Ontario to Texas Hut 8 Mining is relocating 6,400 rigs from its inactive site in Ontario to Texas, aiming to bring them back online by the end of July. The move comes as Hut 8 faces a legal battle with its energy supplier. The company plans to focus on artificial intelligence (AI) and high-performance computing (HPC) to reenergize its operations.
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