The wave of massive contracts with the Artificial Intelligence (AI) sector and high-performance computing (HPC) sector continues, with the latest from Openai, who agrees to buy tens of billion dollars worth chips from the Advanced Micro Device (AMD).
The deal, according to Financial periodsOpenai can also be seen getting up to a 10% AMD stake over time. AMD shares have climbed around 30% currently changing hands at about $ 225.
The chips purchased under this Agreement will provide a total computing power capacity of 6 Gawinatts (GW). Openai executives estimated that 1 GW of capacity would cost about $ 50 billion to form, including chips and the required infrastructure support, according to the article.
As a result, sharing of AI and HPC-Socused miners often rally behind large deals and infrastructure buildouts.
During Monday of the US Open: Bitfarms (Bitf) gained 8%, Iren (Iren) rose 12%to trade at all times high around $ 56, Hive Digital (Hive) Advanced 12%, Cipher Mining (CIFR) climbing 7%, Cleanspark (CLSK) added 5%, and the terrawulf (wulf) has been up to 5%din.
The expansion of galaxy to AI/HPC
The Galaxy Digital (GLXY) has emerged as a major beneficiary of rapid pricing to the AI and HPC infrastructure sectors, converting the Helios campus into a large AI/HPC data.
In August, the The company has earned $ 1.4 billion in the project Funding to retrofit the facility and signed a long-term rent on the Coreweave (CRWV) that covers up to 800 MW of compute capacity.
Shares also higher than 5% on Monday while AMD news accompanied by the launch of the company of Galaxyone.
GLXY shares up to 116% year-to-date.
