Reported about 8 hours ago
Microsoft's nearly $10 billion agreement with former bitcoin miner IREN illustrates the success of the crypto mining industry's transition towards artificial intelligence. IREN, which specializes in AI data center operations, has made Microsoft its largest customer under a five-year contract that includes access to Nvidia chips. The deal reflects how bitcoin miners are evolving into significant players in the AI sector, optimizing their resources amid declining profit margins from traditional mining.
Source: YAHOO