#power

Bitcoin mining remains highly lucrative, with profitability on the rise, as noted in JPMorgan’s latest report. The network’s hash rate, an indicator of overall computational power for BTC mining, has grown by 5% since November 2024, pointing to increasing interest and competition in the sector.

Major financial corporations, including BlackRock and Blackstone, have extended over $11 billion in loans to tech companies providing cloud computing power for AI development. These companies have significant reserves of Nvidia chips and are using loans to expand their stock.

BlackRock, the global asset management firm, is set to launch a more than $30 billion investment fund aimed at advancing AI infrastructure, including power projects and data centers. This will be one of the largest funds of its kind on Wall Street.

TeraWulf, a mining company, is set to launch a new Bitcoin mining facility named WULF Den by the end of September 2024. This facility will be equipped with a liquid cooling system and will deliver a minimum of 2 MW of power, substantially increasing the company's total output.

As the UK heads toward an election, the cryptocurrency industry is expressing support for the Labour Party, which leads in all the polls. However, there is uncertainty about what policies to expect, as Labour has not been in power since 2010, a time when Bitcoin was just emerging.

The term "ultrasound money" refers to a currency that resists inflation and maintains its long-term purchasing power.

Google has signed the world’s first corporate agreement to purchase nuclear energy from several small modular reactors (SMRs) developed by Kairos Power.

Cardano’s blockchain successfully completed the Chang hard fork, introducing decentralized governance and improving smart contract capabilities. ADA token holders now wield the power to shape the project’s future by electing representatives and voting on various development initiatives.

xAI, a company specializing in building artificial intelligence, failed to reach an agreement with Oracle to expand its computing capacity lease. The deal faltered due to unrealistic deadlines set by Elon Musk and potential issues with the power supply at the site proposed by xAI staff.

A compact version of the satellite transceiver designed for portable use includes features such as DC power support and a built-in Wi-Fi router.