CandleFocus TeraWulf leases 70 MW for AI, raises the cost of Bitcoin mining
2024-12-25
Author: Content Editor
Mining company TeraWulf is expanding into artificial intelligence (AI) infrastructure by leasing data center space to Core42. The deal will provide over 70 megawatts of power at TeraWulf's Lake Mariner facility in Upstate New York and support Core42's GPU clusters. The partnership diversifies TeraWulf's income sources and positions the company as a leader in AI-driven computing. TeraWulf's move into AI comes as Bitcoin mining faces challenges and rising costs. By focusing on energy-efficient infrastructure, TeraWulf aims to benefit from the growing demand for AI and cryptocurrency services.
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