Summary
- Bitfarms has announced that it is exploring entry into the fields of artificial intelligence and high-performance computing (HPC).
- They announced that HPC/AI contracts can generate long-term and stable cash flows and revenues.
- They stated that the liquidity and upside potential of Bitcoin will affect the success of Bitfarms' mining business.
According to The Block, a cryptocurrency-focused media outlet, on the 31st (local time), the U.S. Bitcoin (BTC) mining company Bitfarms is exploring ways to enter the fields of artificial intelligence (AI) and high-performance computing (HPC).
Bitfarms has hired ASG and WWT, consultants specializing in these fields, to conduct feasibility analyses for all sites in North America and is receiving advice on a global HPC/AI strategy.
These consultants are expected to build accelerated sales and development strategies and support marketing efforts targeting potential clients.
Bitfarms stated, "We are committed to maximizing the utility and value of our North American portfolio," adding, "HPC/AI contracts can generate long-term and stable cash flows and revenues."
They further added, "The success of the mining business depends on the liquidity and upside potential of Bitcoin, and building a strong and resilient portfolio that can continue to monetize and provide long-term value to shareholders is key."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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