Business · 1h ago
AiOnX spends $500M to turn crypto mines into AI cloud hubs
AiOnX acquires a major stake in Bitcoin miner Genesis Digital Assets for $500 million. The deal will convert former cryptomining sites into AI cloud facilities. The centers will serve hyperscale cloud providers seeking AI compute capacity.
Meridian48 take
The pivot from crypto to AI infrastructure signals a pragmatic shift in data center economics, but the viability of repurposing mining sites for high-performance AI workloads remains unproven.
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Cracks in the crypto world? This top data center provider is spending $500 million to turn former cryptomining sites into AI cloud facilities →
TechRadar
ai-infrastructurecrypto-to-ai