Galaxy Digital Considers Converting Mining Operations to High-Performance Computing amid Profit Squeeze

TL;DR Galaxy Digital redirects its Bitcoin mining capacity to high-performance computing (HPC) for AI, through an agreement with a hyperscaler company. The firm seeks to adapt to the decline in Bitcoin mining rewards after the halving, which has reduced profit margins in the industry. Despite a 23% drop in mining revenue, Galaxy managed to reduce ... source: https://crypto-economy.com/galaxy-digital-considers-converting-mining-operations-to-high-performance-computing-amid-profit-squeeze/