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The president of American Bitcoin, a Bitcoin mining company associated with Trump, has resigned to join an AI energy infrastructure company

According to CoinDesk, American Bitcoin (ABTC), a Bitcoin mining company associated with the Trump family, announced that President and interim Chief Financial Officer (CFO) Matt Prusak will leave on August 4 to join AI and energy infrastructure company Giga Energy as Chief Business Officer and interim CFO.Prusak stated that after "years of building the Bitcoin business," he will shift to the upstream energy infrastructure sector, focusing on the current power supply issues that limit the development of Bitcoin mining and AI computing.American Bitcoin was co-founded by Eric Trump and supported by Hut 8, and it is a publicly traded Bitcoin mining company listed on NASDAQ. Prusak was previously responsible for driving the company's Bitcoin accumulation strategy, including expanding hash power and increasing the BTC holdings per share.Giga Energy, headquartered in Houston, primarily develops power equipment and AI data center infrastructure. The company stated that it has delivered over 6.5GW of power infrastructure and is developing over 500MW of AI data center capacity.Industry insiders believe that Prusak's transition reflects the accelerating migration of the Bitcoin mining industry towards the AI infrastructure sector. As competition in the mining business intensifies and profit margins are pressured, more mining companies are beginning to leverage their own power resources, land reserves, and data center capabilities to enter the AI computing infrastructure market.As large tech companies compete for power and data center capacity, energy supply has become a core bottleneck for the expansion of AI computing, and companies with the ability to integrate power resources are gaining more attention.

Global Stock Market Review: Asian Stocks, European Stocks, and American Stocks Perform Differently

According to Gate market data, last Friday (July 31), in the Asian stock market, the Shanghai Composite Index closed up 27.57 points, an increase of 0.72%, at 3,832.26 points; the Shenzhen Component Index rose 293.13 points, an increase of 2.21%, at 13,578.93 points; the CSI 300 Index increased by 38.48 points, an increase of 0.85%, at 4,588.2 points; the ChiNext Index rose 99.35 points, an increase of 3.06%, at 3,343.96 points; the STAR 50 Index increased by 47.55 points, an increase of 2.99%, at 1,635.96 points; the Hong Kong Hang Seng Index rose 25.55 points, an increase of 0.1%, at 25,884.43 points; the Hang Seng Tech Index increased by 25.45 points, an increase of 0.53%, at 4,829.22 points.In the European stock market, the German DAX30 Index rose 68.42 points, an increase of 0.27%, at 25,642.92 points; the UK FTSE 100 Index fell 21.08 points, a decrease of 0.19%, at 10,876.19 points; the French CAC40 Index rose 24 points, an increase of 0.28%, at 8,509.64 points; the Euro Stoxx 50 Index increased by 14.95 points, an increase of 0.24%, at 6,359.35 points; the Spanish IBEX35 Index rose 15.58 points, an increase of 0.08%, at 19,773.28 points; the Italian FTSE MIB Index increased by 52.62 points, an increase of 0.1%, at 52,157 points.In the US stock market, the Dow Jones Index rose 277.45 points, an increase of 0.53%, at 52,485.51 points; the S&P 500 Index rose 52.13 points, an increase of 0.7%, at 7,489.76 points; the Nasdaq Composite Index rose 251.68 points, an increase of 1%, at 25,373.85 points.

first_img Large American companies are resuming hiring, and the expectation that AI will replace jobs is reversing

According to the Wall Street Journal, after nearly a year of freezing hiring, several large companies in the United States have begun to rehire, with railway giant CSX and Google's parent company Alphabet recently indicating plans to recruit to support growth targets or seize emerging technology opportunities. Over the past year and a half, large employers have generally reduced white-collar positions, partly due to economic uncertainty and partly based on the judgment that reducing staff can lead to faster growth and that AI can take on more work. However, some executives now state that the costs and limitations of AI actually require an increase in personnel.The report states that Booz Allen's Chief Operating Officer Kristine Martin Anderson indicated that the company needs to accelerate hiring, as it cut thousands of positions last year amid a contraction in federal contracts, with a total headcount of about 30,900 as of June 30, a year-on-year decrease of 7.5%. Sarah Franklin, CEO of the HR platform Lattice, stated that many companies had paused hiring for junior positions due to expectations that AI would take over jobs, but now realize that even with programming agents, they still need to hire engineers and are currently re-hiring a large number of junior positions. At the same time, layoffs in the U.S. have slowed, with initial jobless claims recently dropping to the lowest level since 1969.
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