IREN (IREN), a data center operator focused on AI cloud infrastructure, said it agreed to buy more than 50,000 specialized processing chips from Nvidia (NVDA), expanding its capacity by about 50%. The B300 GPUs, or graphic processing units, will take the Sydney-based company’s total AI compute fleet to about 150,000 GPUs. A GPU is a […]
Coinbase Derivatives said it will introduce a new type of equity index futures contract later this month, offering investors exposure to both leading U.S. technology stocks and cryptocurrency exchange-traded funds (ETFs) in a single product. Launching Sept. 22, the Mag7 + Crypto Equity Index Futures will be the first U.S.-listed derivatives contracts to combine traditional […]
Tokens associated with artificial intelligence (AI) fared worse than the biggest cryptocurrencies over the past 24 hours. The relative weakness comes amid unusual activity in put options tied to shares of Nvidia (NVDA), the chipmaker that on Monday said it will will start building its AI supercomputers in the U.S. While bitcoin (BTC), the largest […]