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...