#TopContentChallenge#  Bitcoin Miner Signs $3.7 Billion AI Deal with Google

The Bitcoin miner has closed a $3.7 billion deal to build its AI data center. Google will provide $1.8 billion in support in exchange for a roughly 8% ownership.

Over the next decade, the company will bring more than 200 MW of capacity online at its New York data center. If this deal goes well, it could expand to an $8.7 billion partnership.

Bitcoin Miner Shifts to AI

Primarily a Bitcoin miner, the company is a Bitcoin miner, but profit margins in this sector are strained by 2025. Increasing mining difficulties led the company to consider diversifying into AI last year and it recently closed a major deal.

The Bitcoin miner is leasing some infrastructure from its AI cloud platform, and Google is playing a key role:

According to the published terms of this agreement, the bitcoin miner will provide 200 MW of IT load to the AI company over ten years. This will help the bitcoin miner develop its AI computing capabilities and translates to approximately $3.7 billion in contracted revenue.

However, there are also provisions that could expand the partnership to an $8.7 billion commitment.

However, Google will help ensure this deal goes smoothly and could potentially benefit the entire US AI market.

In short, this agreement could offer a blueprint for how businesses can transition from Bitcoin mining to full AI.