Galaxy Digital plans to allocate 800 MW HPC hosting… Mining → AI computing pivot: Coin Leaders

According to CoinDesk, Galaxy Digital, a financial services company specializing in cryptocurrency, announced in its third quarter earnings report that it had signed a contract with an unnamed American hyperscaler company and decided to allocate 800 MW of power capacity to high-performance computing (HPC) hosting. The company is known as a large-scale data center that specializes in providing large amounts of computing power. The media said, “This decision was made as the profits of the entire mining industry decreased due to the Bitcoin halving,” and “Galaxy Digital is also taking steps to convert its Bitcoin mining business into an artificial intelligence (AI) computing business due to the decrease in profits.” explained.