Google just dropped $3 billion on Bitcoin miner - CEO reveals the pivot strategy
Key Points
- Google invests $3 billion in Cipher Mining, pivoting the bit...
Google just handed Cipher Mining a $3 billion check, and it wasn't for Bitcoin. Instead, the search giant is betting that cryptocurrency miners make surprisingly good AI infrastructure partners - kind of like discovering your pizza delivery driver also happens to be excellent at quantum physics.
When Bitcoin Miners Become AI Landlords
Cipher Mining, the fourth-largest public Bitcoin miner, is trading pickaxes for processors in a move that would make any career counselor proud. The company is committing 168 megawatts of computing power to AI operations through a 10-year deal with Fluidsta...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.