Riot Platforms has signed a 20-year agreement to provide 191 MW of critical IT capacity from its Rockdale, Texas campus to a leading frontier AI company. The contract is expected to generate approximately $9.1 billion in revenue and highlights how major Bitcoin miners are increasingly using their power infrastructure for AI and high-performance computing alongside mining operations.
Ionic Digital made a strong Nasdaq debut, with its shares rising approximately 26% on the first day of trading. The company, originally built around Bitcoin mining assets acquired from Celsius, is increasingly transforming its energy infrastructure to serve artificial intelligence and high-performance computing projects.
Terawulf Inc. plans to raise $3 billion to expand its data centers, backed by Google’s $3.2 billion commitment. The move highlights the growing diversification of the cryptocurrency mining industry and its allure to capture the interest of tech behemoths like Google.
Cipher Mining announced a $3 billion, ten-year HPC colocation deal with Fluidstack, backed by Google’s $1.4 billion investment.
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