Bitco Miner Bit Digital gets $ 53 million facilities with AI, Push HPC continues

Bitco Mining Companyi Bit Digital has acquired an industrial building in Madison, North Carolina, as it raised the bet in a strategy to diversify business that includes strategic axes in artificial intelligence and high performance computing.

Bit Digital agreed to purchase the property for $ 53.2 million through Enovum Data Center Corp. , The Canadian sub -company, which is entirely owned by the company, organizational filings Show. Investment includes a preliminary deposit of $ 2.25 million, as $ 1.2 million was not recovered. The transaction is expected to be closed on May 15.

The organizational deposit of Bit Digital was almost at the same time Declare A new site for the Tier 3 Data Center in Quebec, Canada, which will support the ColeCTION 5 -megawatt agreement with the company with CEREBRAS Systems.

The Quebec facility is modified with approximately $ 40 million in promotions to meet level standards 3 – strict requirements that guarantee high reliability of critical systems and continuous operation.

The CEO of Bit Digital Sam Tabar said at the time that the Quebec operation “is a continuous momentum in our strategy to provide the infrastructure created for this purpose of artificial intelligence on a large scale.”

Related to: Auradine raises $ 153 million, for the first time a business group for artificial intelligence databases

Mines under pressure to diversify

In the face of volatile encryption prices and a half -cycle of bitcoin quadruple currency, which pressure revenue, many mining companies have benefited from their current infrastructure to achieve intense data loads of data. Mining companies such as Hive Digital Say that artificial intelligence data centers provide potential higher revenue flows of encryption mining.

In the latest sign of economic pain, Bitcoin miners workers He sold more than 40 % bitcoin (BTC) The holdings in March, according to data from Theminermag Publishing.

Public mines who cannot keep their costs more under control of the struggle to maintain their bitcoin operations, which increases pressure on executives to search for alternative revenue flows.

The October report was suggested by Coinshares that Less than mine workers is profitable The gears are likely to turn into artificial intelligence and other work burdens.

Related to: SEC says that the proof mining does not constitute a deal in securities