EddieJayonCrypto

 10 Jul 24

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.

More about Rush Street Interactive Inc

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

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 14 Nov 24
 14 Nov 24
 14 Nov 24