Iris Power (IREN) mentioned it’s reviving its technique round internet hosting high-performance computing alongside bitcoin miners in a Tuesday press launch, as curiosity in synthetic intelligence (AI) continues to growth.
A number of miners, together with Utilized Digital Company (APLD), Crusoe Power and Hut 8 Mining (HUT), have lately branched out into different varieties of compute. Demand for information heart house for AI is estimated to develop to $76 billion by 2028, with massive language fashions resembling OpenAI’s ChatGPT changing into more and more fashionable.
Learn extra: Nvidia’s Blockbuster Outlook Reminds Bitcoin Miners to Give AI a Look
Iris Power plans to extend its information heart capability to 9.1 exahash/second (EH/s) by early 2024, from its present 5.6 EH/s, the miner mentioned.
“Vital time was invested in exploring” a method for prime efficiency computing about three to 4 years in the past, “together with signing a strategic memorandum of understanding with Dell Applied sciences in March 2020 to check and develop potential information heart options for power intensive compute purposes, together with leveraging Dell Applied sciences’ HPC and synthetic intelligence experience,” mentioned Iris Power.
Given current developments, “the time could also be proper to increase into this sector,” utilizing both Iris Power’s current websites or those underneath building, the corporate mentioned. The miner has procured gadgets with lengthy lead instances to increase to construct out one other 100 megawatt (MW) facility, which might convey its mining hashrate to 13.6 EH/s if crammed with mining rigs, mentioned the press launch.
Miners’ entry to low cost power and information heart infrastructure could make it seem to be it will be straightforward for them to pivot to AI and cloud computing. Nevertheless, the necessities of high-performance computing industries differ considerably from mining when it comes to high quality of operations, uptime and customer support.
Learn extra: Crypto and Bitcoin Miners Rebrand and Diversify to Survive: A Take a look at Their New Methods
