(Reuters) – Toronto- based mostly bitcoin miner Bitfarms has truly gotten 2 consultants to take a look at simply the way it can change a number of of its facilities to meet the increasing want for knowledgeable system info amenities, it claimed on Friday.
WHY IT is important
Crypto miners generally possess large tales of land and appreciable energy sources– possessions which might be likewise vital for high-performance pc (HPC) and AI info amenities.
To revenue from the AI growth, a number of miners have truly began to repurpose elements of their procedures proper into info amenities, provided they at the moment have loads of the framework.
Critics of the technique, nonetheless, warning that the change may not obtain success as a result of the truth that AI info amenities are much more superior.
CONTEXT
Bitfarms claimed the consultants, Appleby Strategy Group and World Wide Technology, will definitely consider its North American web sites.
They will definitely likewise encourage the agency on its pc and AI method, whereas advertising and marketing the web sites to potential purchasers.
Earlier this month, Riot Platforms launched an analysis of the potential AI and calculating usages for elements of its heart in Navarro County, Texas.
SECRET QUOTE
“The contracts associated with HPC/AI customers provide long-term, steady cash flows and earnings streams, while our bitcoin mining operations will continue to monetize bitcoin’s flexible upside potential,” Bitfarms CHIEF EXECUTIVE OFFICER Ben Gagnon claimed.
(Reporting by Niket Nishant in Bengaluru; Editing by Shreya Biswas)
