bitcoinmining

📅 August 15 | Texas, United States
In a move that unites two of the hottest industries of the moment—crypto and artificial intelligence—Galaxy Digital has closed a $1.4 billion debt facility to convert its massive Helios Bitcoin mining center into a dedicated AI computing facility, in partnership with CoreWeave. This deal marks a key strategic shift from mining blocks on the blockchain to processing large-scale AI models.

From Mining Bitcoin to Training Algorithms
The Helios Mining Center, located in Texas, was one of the largest Bitcoin mining complexes in North America, with the capacity to handle tens of thousands of ASIC machines. However, pressure from energy costs, the volatility of BTC, and the growing global demand for AI processing prompted a radical shift.
The $1.4B credit line will finance a massive technological retrofit:
Replacing ASIC hardware with high-performance GPUs. Upgrading electrical infrastructure and liquid cooling. Optimization for training workloads and deploying AI models.
This change follows the strategic agreement with CoreWeave, a company specializing in cloud infrastructure for AI, which will use Helios as one of its main hubs to serve corporate and government contracts.

The Domino Effect on Crypto Mining
Helios' transition is not an isolated case. With the 2024 Bitcoin halving reducing revenue and the explosive rise of generative AI, more and more miners are considering converting their operations to avoid relying exclusively on BTC.
Analysts see this agreement as a sign that the line between crypto and AI infrastructure is blurring. Access to cheap energy and scalable data centers—traditionally strengths of miners—is becoming critical assets to compete in the AI market.

Topic Opinion:
The smartest players in the sector are reading the trend: profitability will no longer come solely from mining BTC, but from diversifying into industries where computing demand is insatiable. And while the risk of going into debt with $1.4B is enormous, the potential return if CoreWeave consolidates contracts could justify the bet.
💬 Do you think this type of conversion is the future for Bitcoin miners?

Leave your comment...
#GalaxyDigital #Bitcoinmining #AI #cryptocurrencies #CryptoNews $BTC

American Bitcoin Corp., a mining company connected to the family of President Donald Trump, has completed one of the biggest hardware acquisitions of the year in the cryptocurrency mining sector. This month, the company exercised its option and finalized a deal with Chinese mining giant Bitmain for 16,290 units of Antminer U3S21EXPH worth approximately $314 million.
These ASIC machines (application-specific integrated circuits) are built exclusively for Bitcoin mining and deliver a combined hashrate of around 14.02 EH/s. This power could significantly boost the share of U.S. mining in the global market.
The original agreement allowed for up to 17,280 units, but American Bitcoin locked in the purchase early to avoid potential price increases from planned U.S. tariffs on Chinese mining equipment.

One of the Largest Mining Orders in the U.S.
This transaction strengthens American Bitcoin Corp.’s position among the largest miners in North America and shows the company’s confidence in the sector’s long-term growth – despite Bitcoin price volatility and growing competition. Orders of this magnitude have been rare among U.S. miners this year.
According to sources familiar with the company, the machines will be strategically deployed across multiple large-scale locations to minimize operational risks. The deal was sealed before the Trump administration officially announced the imposition of tariffs on imported Chinese mining hardware.

Tariffs Put Pressure on the Supply Chain
The new U.S. trade policy imposes broad tariffs on technology products, including ASIC miners, aiming to bring more manufacturing back to the United States. However, these measures also increase costs for companies dependent on Chinese suppliers.
Bitmain responded by announcing that in 2026 it will begin producing ASIC machines in the U.S. and open a new headquarters either in Texas or Florida. The move aims to bypass tariffs, keep prices competitive for U.S. customers, and diversify manufacturing.

The ASIC Market Is Shifting
According to a study by the University of Cambridge, Bitmain controls roughly 82% of the global ASIC market, followed by MicroBT and Canaan. Tariffs and macroeconomic pressures are now forcing all major players to reconsider their manufacturing strategies.
Jaran Mellerud, CEO of mining company Hashlabs, warns that higher tariffs could push U.S. mining costs so high that demand for mining equipment could drop — potentially triggering a relocation of mining operations to countries with lower operational expenses.
“It could end up being the exact opposite of the administration’s goal – instead of boosting the domestic crypto industry, it could push mining overseas,” Mellerud said.

#Bitcoinmining , #TRUMP , #CryptoMining , #blockchain , #BTC

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

📅 August 14 | New York, United States
In a move that unites the power of artificial intelligence with Bitcoin mining, TeraWulf saw its shares soar 50% after Google acquired an 8% stake as part of a 10-year, $3.7 billion deal for access to high-performance computing (HPC) infrastructure. The news marks a turning point: one of the world's largest tech companies is investing directly in a BTC miner, not to mine cryptocurrency, but to harness its power in AI training.

From Mining Bitcoin to Powering Artificial Intelligence
TeraWulf, known for operating mining facilities powered by renewable energy, has been seeking to diversify revenues in the face of the volatility of the crypto market. This agreement with Google means that part of its infrastructure will be dedicated to cutting-edge AI processing, ensuring a steady stream of revenue over the long term.
The deal gives Google access to HPC capacity in strategic data centers, while TeraWulf benefits from pre-agreed annual payments that protect its operations against declines in the Bitcoin price. The 8% stake Google gains strengthens the alliance and sends a clear message: the intersection of crypto mining and compute-intensive demand is a gold mine... or a data mine.

Immediate Impact and Projections
Following the announcement, TeraWulf's stock price soared on the Nasdaq, reaching its largest intraday jump of the year. Analysts estimate that this deal could double the company's market value in the coming quarters, especially if BTC prices remain stable or rise.
This hybrid business model—combining Bitcoin mining with HPC capacity leasing for AI—could be replicated by other miners seeking revenue less dependent on hash rate and mining difficulty. However, it also raises questions: Will mining resources be completely shifted to AI in times of low crypto profitability?

Topic opinion:
Bitcoin mining is entering a new era: being a provider of computing power beyond the blockchain. Google isn't becoming a miner, but it is investing in the infrastructure that makes it possible, and that is a tectonic shift in the perception of the sector.
💬 Will Bitcoin mining become the backbone of AI?

Leave your comment...
#Google #Bitcoinmining #AI #markets #CryptoNews $BTC