The capital game surrounding computing infrastructure turned both green and red on November 13.
• A new ceiling for miner diversification: Bitcoin mining company Riot Platforms officially disclosed that Anthropic is the $28 billion supercomputing tenant at its Corsicana campus in Texas.
• Wall Street financing alert: Alongside a leadership change at Nvidia, a $500 billion AI infrastructure financing plan originally spearheaded by six Wall Street investment banks is now facing a reassessment.
Electricity and data center capacity remain extremely scarce, but Wall Street has already begun asking tough questions about “who will backstop the depreciation on these $500 billion worth of GPUs.” Mining companies with low-cost power contracts have instead become the most resilient landlords in this cycle. #BTC #AI #DePIN
• A new ceiling for miner diversification: Bitcoin mining company Riot Platforms officially disclosed that Anthropic is the $28 billion supercomputing tenant at its Corsicana campus in Texas.
• Wall Street financing alert: Alongside a leadership change at Nvidia, a $500 billion AI infrastructure financing plan originally spearheaded by six Wall Street investment banks is now facing a reassessment.
Electricity and data center capacity remain extremely scarce, but Wall Street has already begun asking tough questions about “who will backstop the depreciation on these $500 billion worth of GPUs.” Mining companies with low-cost power contracts have instead become the most resilient landlords in this cycle. #BTC #AI #DePIN