tl;dr
Bitcoin mining company TeraWulf Inc. is expanding its energy infrastructure to support high-performance computing (HPC) and artificial intelligence (AI) applications. With the recent repayment of a $77.5 million term loan, the company plans to increase its operational infrastructure capacity from 21...
TeraWulf Inc. to Expand Energy Infrastructure for AI and HPC Applications
TeraWulf, a Bitcoin mining company, is expanding its energy infrastructure to support high-performance computing (HPC) and artificial intelligence (AI) applications. The recent repayment of a $77.5 million term loan will enable the company to increase its operational infrastructure capacity from 210 MW to 295 MW this year, with potential for further expansion by another 300 MW in the future.
CEO Paul Prager emphasized the strategic importance of this expansion, highlighting the company's dedication to developing optimal applications for its substantial energy capacity. The plan includes upgrades to the Lake Mariner facility in New York, aiming to surpass a hash rate of 10 exahashes per second (EH/s) by July.
This strategic shift towards AI hosting aligns with industry trends, as other Bitcoin mining companies have also diversified to include AI applications. With their advanced hardware and cooling systems, Bitcoin miners are uniquely positioned to support the growing demand for AI infrastructure. Furthermore, Bitcoin miners with access to large amounts of power in the US and long-term power and land contracts are in a unique position to partner with and sell to data center companies at a significant premium to mining.
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Rush Street Interactive Inc
Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Industry: TRADE & SERVICES
Sector: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
Market Cap: 2011703000
Dividend Yield: None
EPS: None
P/E Ratio: -0.17
ROE: 10.48%
Beta: -0.0158
Volume: 746228000
Current Price: 10.03
50-Day Moving Average: 0
200-Day Moving Average: 0.888
More about C3 Ai Inc
Company: C3 Ai Inc
Symbol: C3
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $3,709,591,000
Dividend Yield: None
Beta: -2.34
Price/Earnings Ratio: 2.602
EPS: -0.901
Shares Outstanding: 310,582,000
Current Price: $29.35
50-Day Moving Average: $0
200-Day Moving Average: $0
Relative Strength Index (14): 0.196