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Crypto catches M&A frenzy as bitcoin miners chase AI boom

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Crypto companies are at the center of a wave of deal-making as bitcoin miners look for ways to use their massive data centers to jump into the world of AI.

A number of transactions are designed to help bitcoin mining companies retrofit their sites for artificial intelligence workloads.

With the burgeoning AI industry in need of capacity and bitcoin miners in search of new ways to generate returns on their hefty capital investments, mergers, financings and partnerships are rapidly coming together.-backed startup that's one of the main providers of the chipmaker's technology for running AI models. Core Scientific will deliver 70 megawatts of computing infrastructure to support CoreWeave's operations.will generate an additional $1.

"The Company intends to finance the deal with a mixture of cash and digital assets on the balance sheet," Bit Digital said.

 

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