2 hours ago
The question of monolithic contracts successful the artificial quality (AI) and high-performance computing (HPC) assemblage continues, with the latest coming from OpenAI, which has agreed to bargain tens of billions of dollars worthy of chips from Advanced Micro Devices (AMD).
The deal, according to the Financial Times, could besides spot OpenAI get up to a 10% involvement successful AMD implicit time. AMD shares surged astir 30% presently changing hands astatine astir $225.
The chips purchased nether this statement volition supply a full computing powerfulness capableness of 6 gigawatts (GW). OpenAI executives estimation that 1 GW of capableness costs astir $50 cardinal to develop, including chips and the indispensable supporting infrastructure, according to the article.
As a result, shares of AI and HPC-focused miners often rally connected the backmost of specified large-scale deals and infrastructure buildouts.
During Monday’s U.S. open: Bitfarms (BITF) gained 8%, IREN (IREN) roseate 12% to commercialized astatine all-time highs astir $56, Hive Digital (HIVE) precocious 12%, Cipher Mining (CIFR) climbed 7%, CleanSpark (CLSK) added 5%, and TerraWulf (WULF) was besides up 5%.
Galaxy Expanding into AI/HPC
Galaxy Digital (GLXY) has emerged arsenic a cardinal beneficiary of the accelerated re-pricing successful the AI and HPC infrastructure sector, having converted its Helios field into a large-scale AI/HPC information center.
In August, the company secured $1.4 cardinal successful project financing to retrofit the installation and signed a semipermanent lease with CoreWeave (CRWV) covering up to 800 MW of compute capacity.
It's shares were besides higher by 5% connected Monday arsenic the AMD quality combined with the company's motorboat of GalaxyOne, a caller wealthiness absorption level offering 4% output connected FDIC-insured currency and seamless auto-investment into crypto and U.S equities.
GLXY shares are present up 116% year-to-date.
English (US) 