All Content from Business Insider | For crypto miners turned AI stars, the real test is about to come by Daniel Geiger
A Bitdeer Technologies cryptocurrency mining data center under construction in Massillon, Ohio.Bloomberg/Getty Images; Tyler Le/BI
Former crypto miners are pivoting to AI, leveraging legacy power contracts to land deals with Big Tech.These firms must deliver complex, capital-intensive projects on tight timelines.Falling borrowing costs show lenders are betting these firms will be key to scaling infrastructure.They're the biggest beneficiaries of the artificial intelligence race you've never heard of.
While the largest tech firms have unveiled unprecedented spending for AI infrastructure, and leading language developers Anthropic and OpenAI close in on blockbuster IPOs, a group of former crypto-mining companies have quietly become power players amid the soaring demand for data centers.
Becoming AI power playersHigh-stakes and limited transparencyRead the original article on Business Insider
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