Riot Platforms announced changes to its board and updated its formal assessment of AI/HPC uses. Jaime Leverton, Doug Mouton, and Michael Turner will join the board, bringing directly applicable AI/HPC transformation, data center, and real estate experience. In light of increased interest, Evercore and Northland Capital have been hired to lead engagement with potential AI/HPC partners.
Bitcoin mining and HPC provider Bit Digital is ready to deploy 576 Nvidia H200 GPUs for a new high-performance computing (HPC) customer, which it says will generate a revenue opportunity of about $20.20 million over two years. The company said Tuesday that it has a master service agreement with DNA Holdings Venture's AI Compute Fund, and services under the contract are expected to begin in February 2025. The contract is based on a previously signed term list announced on November 20, 2024.
Bitcoin miner and high-performance computing (HPC) company Iris Energy Limited has acquired Bitmain's 10.5 EH/s Bitmain S21 XP Antminers, enabling the bitcoin mining company to reach 30 EH/s by the end of 2024.
On July 8th, the stablecoin PHPC officially supported by the Central Bank of the Philippines has now launched Ronin Network, which is supported by the Philippine crypto trading platform Coins.ph. Previously, on April 10th, Tether announced that it will cooperate with the Philippine crypto trading platform Coins.ph to carry out blockchain education programs. In addition, the two sides will join hands to promote financial education in blockchain technology, bitcoin and stablecoins.
The Central Bank of the Philippines has approved a Philippine peso-pegged stablecoin, PHPC, designed to facilitate cost-effective remittances, backed by cash and equivalents from Philippine banks, initially to be rolled out on Coins.ph platforms with plans to expand to other platformsPHPC will be the first peso-backed stablecoin available for retail, offering real-time transactions 24/7.
The Central Bank of the Philippines has approved PHPC, a stablecoin pegged to the Philippine peso and designed to facilitate cost-effective remittances. Stablecoin issuer Cryptocurrency Exchange Coins.ph plans to attract between 20,000 and 30,000 users in the first month. PHPC will be the first peso-backed stablecoin available for retail use, offering 24/7 real-time transactions. It is backed by cash and equivalents from the Bank of the Philippines and will initially launch on Coins.ph platforms...