Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining

Nasdaq-listed Iris Energy has actually bought 248 cutting-edge Nvidia H100 GPUs for $10 million as it seeks to check out opportunities in generative AI in addition to its core company focus on Bitcoin mining.The firm anticipates to receive delivery of the 248 GPUs in the coming months and strategies to release the hardware to serve chances in cloud computing. Iris Energy co-founder and co-CEO Daniel Roberts stated the business was aiming to utilize its existing information centers into serving generative AI computing requirements.” We think demand for sustainable computing is not likely to disappear, and feel we are distinctively positioned to record continuous development in the wider industry; whether that be ASICs for Bitcoin mining, or GPUs for generative AI and beyond.” Iris Energy runs in areas that have an abundance of eco-friendly energy including wind, solar, hydro and has actually set up its modular information centers close by to the source of affordable excess renewable resource to be generated income from for Bitcoin.Nvidias H100 Tensor Core GPU. Source: Nvidia.com.According to the Iris Energy website, it has four major data center mining centers, consisting of Canal Flats, Mackenzie and Prince George in Canadas British Columbia along with its Childress website in Texas.Related: Tether CTO stays silent on Bitcoin mining locationsRenewable-powered Bitcoin mining operations continue to draw in investment, with Genesis Digital Assets Limited opening a new information centre in Sweden in August 2023 that will operate off plentiful power from the close-by Porjus Hydroelectric Power Station.Meanwhile Blockstream recently announced its intent to raise as much as $50 million in an official financial investment note to buy, shop and then offer BTC mining hardware ahead of Bitcoins next halving occasion in 2024. GPU hardware producer Nvidia has actually likewise seen considerable windfall from the rise of AI-powered tools and AI computing, with its total market capitalization eclipsing $1 trillion in May 2023. Nvidia likewise recently teased its next-generation GH200 Grace Hopper Superchip which is promoted to be able to procedure complex generative AI work, includling large language designs, recommender systems and vector databases.Magazine: Recursive inscriptions: Bitcoin supercomputer and BTC DeFi coming soon