AI computing
Coverage of AI computing in the Nexus archive.
- Anthropic struck a $9.1 billion deal with bitcoin miner Riot Platforms for AI computing
Anthropic struck a $9.1 billion deal with bitcoin miner Riot Platforms for AI computing. The agreement details a 20-year lease covering 191 megawatts of computing capacity at Riot's Rockdale campus in Texas, which runs through June 2048.
- SK Hynix seeks access to AI investors in $29 billion U.S. listing
SK Hynix is pursuing a $29 billion U.S. stock-market listing to compete in the AI memory chip sector and improve its valuation. The listing aims to provide U.S. investors direct access to SK Hynix shares, addressing challenges with existing South Korea-listed shares and unsponsored ADRs. The move coincides with strong demand for high-bandwidth memory chips driven by AI data centers.
- HIVE Bitcoin holdings drop by 331 BTC in Q1, reports record $298M revenue
HIVE reduced its Bitcoin holdings by 331 BTC in Q1, leaving 150 BTC remaining, while annual revenue increased to $297.8 million, driven by growth in mining and AI computing.