ChainCatcher news, according to Bloomberg, informed sources revealed that Blackstone Inc. has recently completed a strategic investment of over $500 million in Lancium Inc.Lancium plans to build five data centers in the resource-rich areas of wind and solar energy in West Texas, with a total capacity of over 5 gigawatts, expected to be operational by 2028. The project aims to meet the energy demands of the surge in AI applications, including plans for on-site solar power generation and energy storage facilities.

ChainCatcher news, Bitcoin mining hosting provider Revolve Labs plans to establish an artificial intelligence data center in central Minnesota, having previously withdrawn a mining expansion proposal due to community opposition.Revolve Labs held a meeting with the Glencoe Economic Development Authority in September, planning to expand its facilities in the city to accommodate one or two artificial intelligence data centers, along with cooling systems and backup generators. The project is expected to have a capacity of 10 megawatts, employ about 10 staff, and cost between $40 million and $60 million. As part of the Revolve Labs proposal, they intend to purchase two parcels of land totaling 6.2 acres and build a substation for the expansion.Revolve Labs currently operates a Bitcoin mining facility in Glencoe with a capacity of approximately 20 megawatts and a hash rate of 537 PH/s. According to reports from last month, the company had attempted to increase its mining capacity in Winton, Minnesota, but withdrew its application after community opposition due to noise concerns.

ChainCatcher news, according to The Block, JPMorgan analysts indicate that Bitcoin miners face a window of opportunity to sign contracts for data center and high-performance computing (HPC) services with large-scale computing and AI startups over the next 9 months.Due to delays in data center approvals and grid connections, Bitcoin miners can leverage their existing infrastructure to meet AI computing demands. The report notes that the capacity of the U.S. power grid is limited, and the demand for AI and HPC will continue to grow until 2026.

ChainCatcher news, according to The Block, Core Scientific CEO Sullivan stated in an analyst interview that Bitcoin miners could achieve "exponential" growth in the coming years through its artificial intelligence data center services. However, this depends on whether the company can prove its ability to deliver gigawatt-level AI data centers to clients beyond its initial customer, CoreWeave.Sullivan stated, "Signing contracts for another 500MW or 1GW in the next few years would mean we are no longer a $2.5 billion company, but could potentially become a $25 billion to $30 billion company."Former investment banker Sullivan joined the company in April 2023, just four months into its Chapter 11 bankruptcy proceedings, following a crash in Bitcoin prices during the 2022 bear market, while energy prices soared. However, after successfully emerging from bankruptcy in January this year, Core Scientific signed a 12-year agreement with AI Hyperscaler CoreWeave, with total revenue potentially reaching $3.5 billion.Sullivan noted that Core Scientific had previously collaborated with CoreWeave on Ethereum GPU mining, then shifted to a proof-of-stake consensus mechanism, and reopened discussions with the company about conversion possibilities at the end of 2023.

ChainCatcher news, according to CoinDesk, broker Bernstein stated in a research report on Tuesday that Bitcoin miners are attractive partners for establishing artificial intelligence (AI) data centers because they have available power and operational capabilities.The report noted that recent AI deals, including Core Scientific's (CORZ) 12-year agreement with CoreWeave and Coatue Management's $150 million investment in Hut 8 (HUT), have become key catalysts for the industry.Additionally, Bernstein initiated coverage on mining company Iris Energy (IREN) with an "Outperform" rating and a target price of $26. The brokerage also started coverage on Core Scientific with an "Outperform" rating and a target price of $17. Iris Energy was reported at $13.40 in early trading on Tuesday, while Core Scientific was at $9.79.