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Michael Novogratz's Galaxy Looks to AI Computing as Bitcoin Mining Revenue Falls

Galaxy Digital signed a non-binding deal with a U.S.-based hyperscaler firm to turn all its 800 megawatts of mining capacity into hosting high-performance computers.The move comes as the Bitcoin halving contributed to a profit squeeze for the firm and the mining industry as a whole.Galaxy has 200 megawatts of mining operating out of 800MW approved capacity and another 1.7 gigawatts under study for a potential permit.02:31Bitcoin Hits Record High as Donald Trump Wins U.S. Election24:55Crypto Unde...

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