SShortSingh.
Back to feed

Quantum Solutions, Hyperscale Data use crypto reserves to finance AI data centers

0
·58 views

Quantum Solutions and Hyperscale Data are tapping into their cryptocurrency treasuries to fund the development of AI data centers. Quantum Solutions' board has raised its ETH sale cap to 4,375 ETH, with the expanded offering running through October 30. This figure represents nearly 66% of the company's ETH holdings as of June. However, 3,050 of the remaining ETH is currently pledged, limiting the freely available supply for the sale.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Traders to Gain Ability to Bet on Coinbase, Robinhood and Marathon Hitting Targets

A new trading product will soon let investors wager on whether Coinbase, Robinhood and Marathon Digital reach their stated goals. The source material provided is limited, offering only a brief date-stamped preview header with no detailed description of the product's mechanics or launch timeline. Further specifics about the targets involved, the platform offering the bets, and regulatory considerations were not included in the text. The announcement reflects growing interest in event-based and prediction-style financial products tied to crypto-related companies. Additional details are needed to fully report on the offering's scope and potential impact.

0
Crypto & Web3CoinDesk ·

Nine Crypto Firms Form Quantum Alliance Over Threat to 6.4 Million Bitcoin

Nine cryptocurrency companies have launched the Quantum Alliance to prepare collectively for potential attacks from quantum computers. The group is concerned about roughly 6.4 million bitcoin that could be exposed to such a threat. Members do not agree on how soon quantum attacks could become a reality. They are also divided on whether vulnerable bitcoin holdings should be frozen as a precaution.

0
Crypto & Web3CoinDesk ·

Tokenized Tesla Trading Spikes After Musk's Flying Roadster Prototype Demo

Trading volume in Hyperliquid's tokenized Tesla contract reached $47 million within one hour following a demonstration of a flying Roadster prototype by Elon Musk. That figure marks a sharp increase from roughly $2.8 million in the period before the demo. The activity occurred while U.S. stock markets were closed, when traders relied on the on-chain instrument. The surge highlights strong investor interest in Tesla-linked exposure outside traditional trading hours.

Quantum Solutions, Hyperscale Data use crypto reserves to finance AI data centers · ShortSingh