Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining

Nasdaq-listed Iris Vitality has purchased 248 cutting-edge Nvidia H100 GPUs for $10 million because it seems to be to discover alternatives in generative AI along with its core enterprise deal with Bitcoin mining.

The agency expects to obtain supply of the 248 GPUs within the coming months and plans to deploy the {hardware} to serve alternatives in cloud computing.

Iris Vitality co-founder and co-CEO Daniel Roberts mentioned the corporate was seeking to leverage its present information facilities into serving generative AI computing necessities.

“We imagine demand for sustainable computing is unlikely to go away, and really feel we’re uniquely positioned to seize ongoing progress within the broader business; whether or not that be ASICs for Bitcoin mining, or GPUs for generative AI and past.”

Iris Vitality operates in areas which have an abundance of renewable vitality together with wind, photo voltaic, hydro and has arrange its modular information facilities close by to the supply of low-cost extra renewable vitality to be monetized for Bitcoin.

Nvidia’s H100 Tensor Core GPU. Supply:

Based on the Iris Vitality web site, it has 4 main information heart mining amenities, together with Canal Flats, Mackenzie and Prince George in Canada’s British Columbia in addition to its Childress website in Texas.

Associated: Tether CTO stays silent on Bitcoin mining places

Renewable-powered Bitcoin mining operations proceed to draw funding, with Genesis Digital Belongings Restricted opening a brand new information centre in Sweden in August 2023 that may function off plentiful energy from the close by Porjus Hydroelectric Energy Station.

In the meantime Blockstream lately introduced its intent to boost as much as $50 million in an official funding word to buy, retailer after which promote BTC mining {hardware} forward of Bitcoin’s subsequent halving occasion in 2024.

GPU {hardware} producer Nvidia has additionally seen vital windfall from the rise of AI-powered instruments and AI computing, with its complete market capitalization eclipsing $1 trillion in Might 2023.

Nvidia additionally lately teased its next-generation GH200 Grace Hopper Superchip which is touted to have the ability to course of advanced generative AI workloads, includling giant language fashions, recommender programs and vector databases.

Journal: Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming quickly

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