German Data Center Invests $360 Million in GPUs to Boost Cloud Computing Services

The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.

Northern Data, a German data center and Bitcoin mining operator, has made a significant investment of $360 million in GPUs to enhance its cloud computing services. This move highlights the increasing integration of Bitcoin miners into the AI sector, where companies can benefit from existing infrastructure and economies of scale. Northern Data’s AI-focused subsidiary, Taiga Cloud, announced the purchase of 384 cabinets of HPE Cray XD supercomputers, equipped with approximately 8,200 NVIDIA H100 Tensor Core GPUs. This investment will provide Taiga Cloud’s customers with access to cutting-edge technology for generative AI innovations. Northern Data had previously purchased 10,000 NVIDIA cloud GPUs in September, with support from Tether. The company emphasizes that its AI cloud facilities are 100% carbon neutral, addressing concerns related to energy consumption. The demand for NVIDIA’s semiconductor chips has surged due to the explosive growth of AI, driven by platforms like ChatGPT and OpenAI. Bitcoin mining companies, which already possess the necessary infrastructure for cloud computing services, are among the major customers driving this demand. While high-performance computing (HPC) services are more profitable per unit of energy, BTC mining is better suited for balancing energy grids and utilizing renewable energy sources. Northern Data’s latest investment further solidifies its position in the AI and cloud computing sectors.

Notifications 0