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Galaxy Digital signs deal to convert its 800 trillion-watt mining capacity into high-performance computing

New York-based Galaxy Digital said in its third-quarter earnings report that it signed a non-binding term sheet with an unnamed U.S. hyperscale company that can convert all of its 800 trillion watts (MW) of power capacity into high-performance computing (HPC). Hyperscale companies are large data centers that specialize in providing large amounts of computing power. The move comes at a time when the halving of bitcoin has led to a decline in profits for the company and the broader mining industry...

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2024-11-07 22:05:04
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