Bit Digital diversifies crypto mining business with major AI expansion
Bit Digital is extending its crypto mining operations into the AI sector, signing a pivotal GPU rental contract and investing $35 million in high-performance computing hardware. New York-based digital asset and cloud computing firm Bit Digital is diversifying its portfolio by launching a new business vertical called Bit Digital AI. This move marks a concerted effort by the company to diversify its traditional crypto mining operations. To kickstart its AI venture, Bit Digital inked a binding term sheet with a well-capitalized customer in the AI sector. As per the agreement, the company will provide rental services of between 1,024 and 4,096 GPUs to support the customer’s GPU-accelerated workloads. BREAKING NEWS:$BTBT is thrilled to announce the launch of our new business line, Bit Digital AI! Bit Digital AI will provide specialized infrastructure services to support generative AI workstreams. "We believe this new venture is a good complement to our core #Bitcoin… p...