pow

According to statistics from The Information, Anthropic has signed at least 14.8GW of computing power in the past 11 months, which can be gradually utilized in the coming years. Based on currently public contracts, the potential total cost could reach up to $517 billion, with most expenditures occurring over the next decade. In addition to the 1-2GW already secured before October last year, the total computing power signed by Anthropic is approximately 16GW.This round of expansion is primarily driven by the demand for Claude. This year, the growth of Claude Code and Cowork has exceeded Anthropic's expectations, prompting the company to focus on acquiring computing power. The new agreement with Amazon provides up to 5GW, while Google and Broadcom offer another 5GW, and Microsoft and NVIDIA provide approximately 1GW. Anthropic has also rented all computing power from SpaceX's Colossus 1, acquiring over 220,000 NVIDIA GPUs, including H100, H200, and GB200.Anthropic has secured about 16GW, with many contracts extending beyond 2030. OpenAI has set a target for investors to reach 30GW by 2030, expecting to invest approximately $750 billion in computing power by that year. The $517 billion figure is the potential maximum cost estimated by The Information based on existing cloud services, chip, and data center contracts, with some computing power potentially being delayed or unused, and some contracts allowing for early cancellation.

Silicon Valley angel investor Liron Shapira posted on X this morning, stating: "I assert (with 50% confidence): due to AI shaking the security and stability guarantees that people once believed Bitcoin had, the price of BTC will plummet more than 50% within the next two years."Ethereum co-founder Vitalik Buterin rebutted this, saying: "I hold the completely opposite view. My fundamental reason is that, in the long run, I am quite optimistic about network security, and I believe the main challenge is how to smoothly transition through the transition period. Moreover, I believe BTC can at least properly handle all issues that do not require social consensus to resolve (for example, upgrading clients, mining pools, etc., to deal with network layer attacks fall into this category). Additionally, I believe the probability of hash algorithms or proof-of-work mechanisms being truly compromised is extremely low. I wanted to make a bet with you, but considering my current asset allocation (I guess you have the same view on Ethereum ETH), I have already staked about 90% of my wealth on this bet."

South Korea plans to integrate five public power companies in October 2027 to accelerate investment and meet the energy demands brought about by the growth of the country's artificial intelligence and chip manufacturing industries.Seoul also plans to streamline public enterprises in the oil, gas, and port sectors.

According to Xinhua News Agency, the Bank of China Inner Mongolia Branch recently issued the first "Computing Power Token Loan" in the Inner Mongolia Hohhot New Area. By innovating the credit evaluation system, it incorporates the scale of enterprise token usage, computing power cooperation orders, core technology qualifications, and scientific research and development capabilities into the core credit indicators, while weakening traditional mortgage guarantee requirements.Currently, Hohhot's computing power scale reaches 150,000 P, of which intelligent computing accounts for 146,000 P, and the green computing power index ranks first in the country. The local area also promotes "Computing Power Loans" and medium-to-long-term technological transformation loans, using policy financial tools and syndicated loans to address capital and large fund needs, and has launched "Computing Chain Insurance" and cybersecurity insurance to provide diversified risk control guarantees for heavy asset projects such as data centers against fire, water damage, machine failure, and more.

The Korea Electric Power Corporation is negotiating a multi-billion dollar electricity prepayment plan with Samsung Electronics and SK Hynix to raise funds for the power grid needed to build a new semiconductor industry cluster. According to the current plan, Samsung Electronics will prepay 200 trillion won, and SK Hynix will prepay 50 trillion won, totaling 250 trillion won, which is approximately equivalent to the electricity costs for the next five years.In a statement, Korea Electric Power said that the large-scale electricity prepayment system is a mechanism that meets the needs of companies urgently needing to expand the power grid and Korea Electric Power, which requires investment funds. Specific details, including the amount of prepayment and the coverage period, have not yet been finalized.

On Wednesday, local time in the United States, NVIDIA CEO Jensen Huang appeared at the G20 Innovation Ministerial Meeting and engaged in a fireside chat with U.S. Secretary of Commerce Gina Raimondo. Huang stated that AI is evolving into a national economic infrastructure similar to electricity and the internet, and the biggest risk countries face is not sufficiently investing in and adopting AI, ultimately being left behind by the industrial revolution.Huang mentioned that currently, building 1 gigawatt of AI infrastructure requires an investment of about $50 billion to $60 billion, and he expects that from now until the end of this decade, the scale of related construction will reach approximately 100 gigawatts. He also referenced the "five-layer cake" model of energy, chips, infrastructure, models, and applications, indicating that every country needs to build AI infrastructure and decide which aspects they wish to participate in.Huang anticipates that in the coming years, AI will essentially achieve AGI, and the next phase will transition from large language models to intelligent agents and embodied intelligence. He believes that AI is more likely to replace tasks rather than completely replace jobs, with operational tasks such as writing and information processing potentially becoming gradually automated.

Arthur Hayes-led AI agency project Flop Labs announced that it is building a GPU computing power exchange, allowing the buying and selling of computing power resources. Flop Labs pointed out that NVIDIA's quarterly data center computing power sales reached $89 billion, a year-on-year increase of 117%, but GPU pricing is still not standardized, and users need to contact suppliers directly for quotes.On Flop, AI agents purchase computing power from miners using FLOP tokens, and validators re-execute some of the completed computational work to verify the pricing basis used in the transactions.

According to CoinDesk, AI company Anthropic has reached a $35 billion computing power procurement agreement with Lambda, an AI cloud service provider supported by NVIDIA, part of which will be provided through Bitcoin mining company Hut 8's Beacon Point facility located in Nueces County, Texas.Hut 8 previously disclosed that the facility has signed two long-term leases for 15 years, covering 704 MW of IT capacity, with a total contract value of $19.6 billion, but the identity of the tenants had not been disclosed earlier. The facility spans 525 acres and has a maximum power access capacity of 1 GW with ready grid connections.According to the currently disclosed transaction structure, NVIDIA holds the lease for the facility, Lambda will deploy NVIDIA chips, and Anthropic will procure the computing power generated from this. Hut 8 has not confirmed how much of the 704 MW capacity is related to Lambda and Anthropic, nor has it confirmed whether NVIDIA is the previously undisclosed tenant.As the demand for power and computing resources in AI data centers surges, Bitcoin mining companies with ready power and grid access capabilities are accelerating their transformation into AI infrastructure. Mining companies including Hut 8, TeraWulf, IREN, and Bitdeer have all entered the AI data center market by selling or leasing computing power and power infrastructure.Hut 8's revenue for the second quarter of this year was $74.93 million, a year-on-year increase of 81%; its two leases at Beacon Point have a total value of $19.6 billion, and the facility is expected to generate approximately $1.31 billion in operating profit annually once fully operational.

The B.AI platform's daily token throughput has surpassed 1.1 trillion, achieving a 52,133-fold exponential growth compared to the 21.1M on the first day of its launch on April 9, completing a leap from millions to trillions in computing power architecture in less than 5 months.Since the launch of the free activity, the platform's daily throughput has increased by approximately 242 times, with a cumulative throughput of 6.86 trillion over 14 days and over 196,000 new API users. In the face of a continuous influx of massive high concurrency and heavy Agent workflows, the B.AI foundational infrastructure has demonstrated excellent stability—this steep growth curve is a testament to the trust that global developers have placed in the B.AI computing power infrastructure through real code and high-frequency API calls. B.AI will continue to build the world's preferred inclusive computing power and Agent financial foundation.

In August this year, China's leading AI chip companies released their semi-annual reports in quick succession. Last Friday, Biren Technology announced its financial report, achieving nearly 20 times revenue growth. Leading companies such as Cambricon and Moore Threads also saw significant revenue increases.Currently, the high-end computing power supply side is experiencing a tight situation across the entire chain, with some companies' orders already scheduled for three years later. The downstream intelligent computing centers are facing a shortage of resources, and the midstream system integration segment is also seeing a dense release of orders. According to industry research data, the demand for domestic AI chips in 2026 is expected to be around 4 million units, with actual deliveries around 3 million units, resulting in a capacity gap of over a million units.

Fidelity Global Macro Research Director Jurrien Timmer stated that Bitcoin has maintained its power law curve bottom and has adjusted long enough to meet the time factor of the four-year cycle.

According to the Securities Times, on August 27, the reporter learned from SenseTime that SenseTime's large device provides domestic computing power support and Token services for the GLM-5.3-Flash recently launched and open-sourced by Zhipu, which is considered another benchmark for the large-scale commercial use of domestic computing power. It was revealed that the daily average Token service volume of SenseTime's large device reached 24.2 trillion in July, and it is expected to exceed a daily average of 100 trillion by the end of 2026.

Zhao Changpeng stated at the "Bitcoin Asia 2026" conference in Hong Kong that Bitcoin itself does not weaken or strengthen government power; what truly matters is the choices made by the government. Historically, weak governments have sometimes led to better economic performance. For example, the U.S. government is relatively weak, yet it has created one of the strongest economies in the world; after the current SEC chairman relinquished some regulatory power, the industry actually experienced growth, while former chairman Gary Gensler's attempts to control everything stifled industry growth.He mentioned that Bitcoin, as a decentralized technology, allows individuals to have more sovereignty, but its privacy design has flaws, and on-chain transactions can be easily tracked; governments can choose whether to utilize these characteristics. For instance, declaring Bitcoin ownership illegal or imposing a 36% tax on every transaction would stifle industry development. The government may seem to have significant power, but a zero tax rate still results in zero revenue, while taxing a trillion-dollar market at 6% would yield substantial income.He also noted that most governments have relatively recognized Bitcoin, but many countries still lack a regulatory framework for cryptocurrencies. Among government officials, those who understand Bitcoin remain a minority, and in some countries, the older generation's dominance leads to a more conservative attitude. However, he does feel that a shift is occurring, despite some still holding the biased view that Bitcoin is primarily used by drug lords.

On August 27, NVIDIA announced its financial report, with Q2 revenue for FY2027 at $96.2B, a year-on-year increase of 106%. Data center revenue was $89.0B, a year-on-year increase of 117%. The Q3 revenue guidance is $108B, and it anticipates a revenue growth of about 70% for FY28. WEEX TradFi shows that the AI hardware sector is also rising, with Lumentum (LITE) up 10.16% in 24 hours, Arm (ARM) up 8.19%, and Western Digital (WDC) up 7.82%.WEEX Labs believes that this round of market activity is driven by "AI inflection point + high growth guidance," with funds spreading from GPUs to optical interconnects and storage. The short-term main focus remains on re-pricing guidance, and caution is advised regarding volatility after expectations are fulfilled.

CZ stated at the offline "Binance Life" book club meeting in Hong Kong that Hong Kong, as a financial center, has unique advantages in the flow of fintech talent, mainland talent, and institutional connections. Although it is not outstanding in infrastructure such as electricity and data centers, its competitiveness in the Web3 financial sector is evident. He believes that the current AI hype will not hinder the long-term development of Web3, and individuals should choose directions that interest them, that they are capable of, and that hold value; Hong Kong and Web3 are indeed a strong combination. Besides Hong Kong, he is also optimistic about Dubai and Abu Dhabi in the UAE, as well as the United States after its policy shift to support the crypto industry.CZ mentioned that the development speed of RWA has significantly exceeded his previous expectations, especially in terms of securities on-chain. Traditional stocks are limited by account opening thresholds, trading hours, and geographical restrictions. Once assets are on-chain, they can be directly accessible to global investors, significantly enhancing accessibility and liquidity, making them more attractive to countries and companies with smaller securities market sizes. RWA will be an important development direction moving forward, and stablecoins are essentially a type of RWA that brings fiat currency onto the chain. Currently, the market is mainly dominated by USD stablecoins, and in the future, more countries may promote their national currencies to be on-chain to expand their global circulation.He also stated that DEX has gradually evolved over the past eight years from products like Uniswap and PancakeSwap to Hyperliquid, with both infrastructure and user awareness significantly maturing. According to his current understanding, the regulatory pressure from the U.S. on decentralized products has eased compared to the past, and clearer separation models are beginning to appear between international platforms and those targeting U.S. users, with some international platforms not necessarily requiring comprehensive KYC. If the policy environment continues to relax, the development speed of DEX and the entire crypto industry may significantly accelerate in the coming years.

NVIDIA's Chief Financial Officer stated that the company will provide selective credit enhancement support for another cutting-edge AI laboratory's nearly 2 gigawatt computing power project.

NVIDIA (NVDA.O) Chief Financial Officer stated that for every 1 gigawatt of computing power deployed by Vera Rubin, there corresponds approximately $40 billion in revenue opportunities.

NVIDIA CEO Jensen Huang stated that computing power is revenue now.

Anthropic has agreed to pay Nscale $45 billion over the next 6 years to rent approximately 460 megawatts of AI computing power at its Monarch data center in West Virginia. Nscale will use NVIDIA's Vera Rubin chips, which are expected to be operational by the end of next year. The project was originally planned to be rented by Microsoft, but after Microsoft withdrew, Anthropic became the tenant.