Data Center News
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Taiwan Semiconductor Manufacturing Company (TSMC) recently projected strong AI-driven demand that is expected to persist for ‘many years,’ in a report from yahoo finance. TSMC’s third-quarter earnings exceeded expectations, with net income surging over 50%. The company’s optimistic forecast indicates that AI-related sales could triple in 2024, accounting for 15% of its revenue. This announcement…
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Schneider Electric, a global leader in energy management and automation, has announced a significant acquisition of a 75% controlling stake in Motivair Corp, a specialist in liquid cooling technology for high-performance computing systems. The $850 million all-cash deal reflects Schneider Electric’s ongoing strategy to strengthen its portfolio in data center technologies and meet the growing…
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Bitcoin mining is a highly competitive industry where ASIC manufacturers compete for dominance. The top three manufacturers by market share areBitmain, MicroBT, and Canaan. ASIC MARKET OVERVIEW Company Location Foundry Model Example Market %Estimate Bitmain Beijing TSMC S19Jpro 60% MicroBT Shenzen Samsung M66S+ 20% Canaan Hangzhou SMIC Avalon Miner 1366 10% Bitmain remains the dominant…
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Nick Garland, Chief Operating Officer at Simple Mining, announced: “Next week we will complete an additional 5 MW expansion which takes our total hashrate under management up to 50 MW.In November, we have an additional 10+ MW coming online as well, which keeps us on track for our target of 125+ MW by the end…
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IREN, a leading player in the Bitcoin mining sector, has revealed a forward-thinking approach by integrating AI training directly within its data centers. The company, co-founded by Dan Roberts, recently secured a powerful partnership with Nvidia, leveraging their chips to train AI models while simultaneously running Bitcoin mining operations. This dual-function strategy allows IREN to…
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AWS will invest $11 billion in a new data center campus in St. Joseph County, Indiana, creating 1,000 jobs. The campus will focus on cloud computing and AI services, reflecting AWS’s US expansion strategy. The project has garnered strong government support, offering significant tax incentives. Governor Holcomb expects a positive impact on the town and…
