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Publicly-Listed Bitcoin Miner Bitdeer Expands Into AI With Nvidia

Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. In a recent development, the publicly traded blockchain and high-performance computing company Bitdeer, disclosed its expansion into AI. This strategic move involves providing Nvidia-powered graphics processing unit (GPU) services.

Bitdeer Joins Nvidia Partner Network, Eyes Asian Market for AI Supercomputing

On Thursday, the Singapore-based Bitdeer (Nasdaq: BTDR) revealed its foray into AI service offerings by becoming a member of the Nvidia Partner Network as a cloud service provider of choice. With a particular focus on the Asian market, Bitdeer said it is poised to offer Nvidia-enabled AI supercomputing capabilities. The company’s objective is to expedite the advancement of generative AI, extensive language models (LLMs), and additional AI workloads in the region.

The latest offering from Bitdeer is dubbed “Bitdeer AI Cloud,” which will be equipped with Nvidia’s DGX Superpod and DGX H100 systems. Nvidia’s DGX Superpod provides a scalable infrastructure that, when integrated with Nvidia’s DGX systems, offers a turnkey solution for deploying AI supercomputers. Bitdeer asserts that its AI Cloud will deliver services that supply businesses and innovators with “state-of-the-art” computing power through Nvidia’s DGX systems.

“We are excited to work with Nvidia to lay the groundwork for the next era of AI and large language model advancements in Asia,” Matt Linghui Kong, the CEO of Bitdeer stated.

In August 2023, Iris Energy, a bitcoin mining company, branched out into AI with a $10 million investment in Nvidia GPUs. Similarly, Tether and Northern Data have ventured into the AI space, investing $420 million in acquiring 10,000 Nvidia H100 units. On Thursday, Bitdeer’s announcement outlined a strategic timeline consisting of four phases: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Application as a Service (AaaS).

“Generative AI empowers businesses to unlock unprecedented scalability, reliability, and innovation,” Tony Paikeday, senior director of the DGX platform remarked. With its Nvidia DGX infrastructure, Bitdeer can provide the AI supercomputing and software needed to build and deploy generative AI models and services.”

What do you think about Bitdeer jumping into the AI sector? Share your thoughts and opinions about this subject in the comments section below.


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