Green Minting Technologies and GEM Digital collaborate to invest $150 million to build an AI data center and Bitcoin mining project using renewable energy.
The 600-megawatt project in Delaware aims for low-cost off-grid Bitcoin mining while developing AI-supporting data centers, thereby promoting the decentralization of the cryptocurrency mining ecosystem.
MAIN CONTENT
Investing $150 million in a Bitcoin mining project and AI data center with a capacity of 600 megawatts.
Raising $400 million through IEO with the $MINT token to support access to large-scale renewable energy.
Goals of decentralization, cost reduction, and development of an AI-supported data center.
What is the purpose of the Green Minting Technologies and GEM Digital project investment?
Green Minting Technologies partners with GEM Digital to invest $150 million to build a 600-megawatt renewable energy project in Delaware, serving off-grid Bitcoin mining and an AI data center.
The project focuses on using renewable energy, reducing operational costs, and developing data centers to support advanced artificial intelligence tools. Off-grid mining ensures a continuous, stable power supply for mining and data operations.
The simultaneous development of an AI data center and Bitcoin mining reflects the combination of the cryptocurrency industry and artificial intelligence technology, creating an advanced green energy-consuming ecosystem.
What role does the $MINT token play in the project's fundraising strategy?
Green Minting Technologies plans to raise $400 million through an initial coin offering (IEO) using the $MINT token to expand the scale of the renewable energy project and AI data center.
According to CEO Alex Wey, the $MINT token will provide individuals with access to mining and computing services using renewable energy at low costs, while increasing decentralization in the Bitcoin mining ecosystem.
The fundraising model through tokens not only provides the necessary capital but also attracts the community to participate and accompany the project, a popular trend in the modern cryptocurrency industry.
The $MINT issuance will create opportunities to access large-scale mining services that use renewable energy at reasonable costs, while contributing to the decentralization of the Bitcoin ecosystem and reducing reliance on large mining corporations.
Alex Wey, CEO of Green Minting Technologies, 2024
What does the project mean for the cryptocurrency and artificial intelligence industries?
The project contributes to promoting cryptocurrency mining using clean energy, reducing carbon emissions, and protecting the environment. The combination of the AI data center helps diversify services and increase the value of renewable energy.
Implementing an off-grid model aligns with global sustainable development trends while enhancing scalability and operational stability for blockchain and AI activities.
The project also expands opportunities for investors and users to access technology at reasonable costs, enhancing the sustainability and efficiency of the cryptocurrency ecosystem.
Frequently Asked Questions
What type of renewable energy does the project use for Bitcoin mining?
The project uses off-grid renewable energy sources with a capacity of 600 megawatts, specific details about the type of energy have not yet been disclosed.
What function does the $MINT token serve in the ecosystem?
$MINT is the token used for fundraising and providing access to mining services as well as data centers using clean energy.
What benefits does investing in the project bring to the cryptocurrency community?
The project reduces mining costs, increases decentralization, and prioritizes the development of environmentally friendly green technology.
How does off-grid mining benefit mining operations?
Helps stabilize the power supply, reduces dependence on the public grid, and increases sustainability and operational efficiency.
How does the project plan to develop an AI-supported data center?
It is planned to use part of the resources to build a high-quality data center to serve artificial intelligence tools.
Source: https://tintucbitcoin.com/mint-goi-von-150-trieu-usd-phat-trien-bitcoin-xanh/
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