Facing profit pressures, cryptocurrency mining firms such as Riot Platforms (RIOT), Bitfarms Ltd. (BITF), Core Scientific, Inc. (CORZ), TeraWulf Inc. (WULF), and MARA Holdings (MARA) are repurposing their data centers for artificial intelligence and high-performance computing (AI/HPC). Meanwhile, companies like IREN Ltd (IREN), CleanSpark, Inc. (CLSK), and Cipher Mining Inc. (CIFR) have entered into agreements for computing power capacity collaborations.
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