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PE giant begins working with Bitcoin miners on AI infrastructure

Odaily2024/07/05 17:36
By:Odaily
Odaily News PE (Private Equity) giants are beginning to work with Bitcoin miners on AI facilities. Adam Sullivan, CEO of Core Scientific, said that since announcing the CoreWeave AI infrastructure deal, the company has received several financing and partnerships from top PE firms. PE firms are chasing data center business for AI-related computing power and see Bitcoin miners existing infrastructure as an attractive option. (CoinDesk)
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US spot Bitcoin ETFs log $300 million weekly outflow, reversing three-week trend

US-based spot Bitcoin exchange-traded funds logged modest inflows on Friday, but it wasn’t enough to overcome the outflows last week.The ETFs logged over $300 million in outflows for the week, reversing a three-week trend of positive inflows.US-based Ethereum ETFs also saw a modest inflow on Friday but logged net outflows for the week.

The Block•2024/10/05 18:07

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