Big Idea:

Bitdeer Technologies, one of the biggest crypto miners, has become an official cloud service provider in the NVIDIA partner network. Bitdeer is a spinoff from Bitmain Technologies, the Chinese Bitcoin mining-chip manufacturer founded by Jihan Wu a decade ago. 

Why It Matters: 

Bitdeer joins Hut 8 and HIVE Digital (formerly HIVE Bitcoin) in carving out capacity for AI compute. By becoming a NVIDIA partner, Bitdeer underscores the symbiotic relationship between blockchain and AI-driven infrastructure. 

Key Details:

• Bitdeer gains access to NVIDIA's DGX SuperPOD, an advanced artificial intelligence data center infrastructure featuring DGX H100 systems. 

Tony Paikeday, NVIDIA’s Senior Director of the DGX platform, emphasizes the partnership's significance, stating, "Bitdeer now has the capability to provide the AI supercomputing and software needed to build and deploy generative AI models and services."

What's Next:

Bitdeer outlines plans to expand its product offerings, including Platform-as-a-Service, Software-as-a-Service, Application-as-a-Service, and Infrastructure-as-a-Service with custom APIs. The DGX SuperPOD-based cloud service platform is slated for launch in Q1 2024.

Yes, but:

As Bitdeer integrates GPU cloud computing into their business, it remains to be seen how this will impact their standing as a Bitcoin mining company. Only time will tell if the market will respond to Bitdeer as a high-performance computing operation. 

Between the Lines:

Bitcoin miners are often set up in remote places that have huge access to power but not a ton of internet connectivity. We wonder how much of this existing Bitcoin mining infrastructure will work for high bandwidth low latency AI applications.