Tag Archives: NVIDIA

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Bitfarms to exit Bitcoin mining and go all-in on AI by 2027

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Bitfarms is set to shut down its Bitcoin mining operations over the next two years and gradually convert its facilities into AI-focused high-performance computing data centers. The transition will begin with its Washington site, which the company plans to repurpose for a new generation of compute-heavy workloads, according to an announcement made on November 13.

The Washington facility, an 18-megawatt Bitcoin mining site, is expected to complete its conversion by December 2026. Once transformed, it will feature state-of-the-art infrastructure powered by Nvidia’s flagship GPUs. This upgrade will enable the facility to support workloads of up to 190 kilowatts per rack, enhanced with advanced liquid cooling systems to maximize efficiency.

As part of the transition deal, Bitfarms’ partner will supply all critical IT hardware and building materials necessary to complete the facility’s conversion.

“We believe there are compelling reasons to consider pursuing a GPU-as-a-Service or Cloud monetization strategy, specifically at Washington. Despite being less than 1% of our total developable portfolio, we believe that the conversion of just our Washington site to GPU-as-a-Service could potentially produce more net operating income than we have ever generated with Bitcoin mining,” said Bitfarms CEO Ben Gagnon in an official statement.

Gagnon expects that the Washington conversion will provide the company with “a strong cashflow foundation” and support the wind-down of its Bitcoin mining business scheduled for 2026 and 2027.

Bitcoin mining has become a highly competitive market characterized by thinning margins and capital-intensive upkeep. Crypto miners, with their ready access to infrastructure and power contracts, currently maintain an advantage over traditional data center operators. However, many mining firms have started dismantling rigs to pivot toward AI and high-performance computing, especially following the 2024 Bitcoin halving event, which cut block rewards and further tightened mining economics.

By the first half of 2025, Bitfarms’ mining revenue was already showing signs of strain, marked by sharply compressed gross margins and soaring production costs. With the AI sector poised to generate stronger recurring revenue and enterprise-grade demand, Bitfarms aims to seize this opportunity alongside many of its publicly traded competitors.

Shareholders have voiced support for this strategic shift, and Bitfarms’ stock has performed strongly through most of 2025 as the company doubled down on its pivot toward compute infrastructure, capitalizing on the booming AI wave.

Another motivating factor for this transition has been Bitfarms’ recent weak financial performance. The company posted a net loss of $46 million, or 8 cents per share, in its latest quarter—worse than analyst expectations of a 2-cent loss per share—even as revenue jumped 156% year-over-year to $69 million.

With this strategic pivot, Bitfarms is positioning itself to thrive in the evolving tech landscape by shifting focus from Bitcoin mining to AI-driven high-performance computing services.
https://bitcoinethereumnews.com/bitcoin/bitfarms-to-exit-bitcoin-mining-and-go-all-in-on-ai-by-2027/

business, economy, technology

Uber Partners With Nvidia To Scale Autonomous Driving Globally, CEO Dara Khosrowshahi Calls Chipmaker ‘Backbone Of The AI Era’

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Uber Technologies Inc. (NYSE: UBER) CEO Dara Khosrowshahi has praised Nvidia Corp. (NASDAQ: NVDA) following the announcement of an autonomous driving partnership between the two companies.

Taking to the social media platform X on Tuesday, Khosrowshahi hailed the GPU maker as a crucial element of global AI infrastructure.

“Proud to partner with @NVIDIA, the backbone of the AI era, to scale L4 autonomy on @Uber around the world,” Khosrowshahi said in the post.

This announcement comes as Nvidia revealed that Uber will be using its new compute and sensor architecture, which could make any vehicle capable of Level 4 autonomous driving.

### Nvidia’s Other Autonomous Partnerships

In addition to Uber, Nvidia announced collaborations with several automakers, including Stellantis NV (NYSE: STLA), Lucid Group Inc. (NASDAQ: LCID), and Mercedes-Benz Group AG (OTC: MBGYY) (OTC: MBGAF). These partnerships aim to develop autonomous vehicles targeting both personal ownership and Robotaxis using Nvidia’s advanced autonomous vehicle (AV) stack.

Nvidia CEO Jensen Huang expressed enthusiasm about these collaborations, stating, “We’re creating a framework for the entire industry to deploy autonomous fleets at scale.” He highlighted that autonomous driving, once considered “science fiction,” is now becoming “an everyday reality.”

Lucid has further announced plans to offer Level 4 autonomous driving capabilities in its upcoming midsize vehicles powered by Nvidia technology, intending to deliver one of the world’s first consumer-owned Level 4 passenger vehicles.

Moreover, Nvidia was recently in talks with UK-based autonomous driving startup Wayve about a potential $500 million investment. Wayve is also backed by Japan’s SoftBank (OTC: SFTBY) and Nissan Motor Co. Ltd. (OTC: NSANY).

### Uber’s Investments in Autonomous Driving Startups

Meanwhile, Uber is preparing to invest over $100 million into the Hong Kong-listed shares of self-driving company Pony AI Inc. (NASDAQ: PONY). Pony AI is reportedly seeking to raise more than $972 million through its Hong Kong public listing. There is also potential for Uber to invest in the Hong Kong listing of WeRide Inc. (NASDAQ: WRD).

### Jensen Huang Warns Against Isolating China in AI Development

At a recent company event in Washington, Nvidia CEO Jensen Huang cautioned against isolating the Chinese developer ecosystem amidst the AI race.

“A policy that causes America to lose half of the world’s AI developers is not beneficial long term; it hurts us more,” Huang said, emphasizing the importance of global collaboration in AI development.

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For more on the future of mobility and autonomous driving, check out Benzinga’s coverage [here](#).

*Photo credit: Shutterstock*
https://www.benzinga.com/markets/tech/25/10/48484827/uber-partners-with-nvidia-to-scale-autonomous-driving-globally-ceo-dara-khosrowshahi-calls-chipmaker

business, politics, technology

Donald Trump Changes His Mind About Sending Military To San Francisco After Mayor And Tech Billionaires Play Nice

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After engaging in discussions with Mayor Daniel Lurie and tech industry leaders Jensen Huang of Nvidia and Marc Benioff of Salesforce, Trump made a notable about-face.

The conversations with these influential figures appear to have influenced his stance, highlighting the impact of collaboration between political leaders and tech innovators.

This shift underscores the growing importance of dialogue across sectors to address pressing challenges and drive progress.
https://newsone.com/6559548/donald-trump-changes-his-mind-about-sending-military-to-san-francisco-after-mayor-and-tech-billionaires-play-nice/

business, politics, technology

China ends Google antitrust probe, shifts regulatory focus to NVIDIA

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**China Ends Google Antitrust Probe, Shifts Regulatory Focus to NVIDIA**

*By Akash Pandey | Sep 18, 2025*

China has decided to end its antitrust investigation into tech giant Google, just six months after the probe was launched, according to the *Financial Times*. This decision comes amid escalating trade talks between Beijing and Washington, particularly concerning the popular app TikTok.

It is important to note that Google has not yet been officially informed about the termination of the investigation.

### Details of the Probe into Google’s Android OS

The investigation, initiated in February by China’s State Administration for Market Regulation, focused on Google’s market dominance through its Android operating system. The probe particularly examined how this dominance affects Chinese smartphone manufacturers such as OPPO and Xiaomi, which rely heavily on Google’s software ecosystem.

In Chinese regulatory terminology, the closure of this probe is described as “zhongzhi.”

### Strategic Shift in China’s Regulatory Focus

The decision to end the Google case is seen as a conciliatory gesture towards the United States, signaling Beijing’s willingness to negotiate. A source told the *Financial Times*, “Drop one case but seize the other. China is trying to narrow its retaliatory targets to make them more potent.”

Accordingly, China has now shifted its regulatory attention towards NVIDIA, the world’s most valuable chipmaker. This move is widely viewed as a potential bargaining chip in the ongoing US-China trade discussions.

### TikTok Ban Extended for Another Three Months

In related developments, US President Donald Trump recently announced an agreement with China regarding the sale of TikTok. This announcement followed Treasury Secretary Scott Bessent’s confirmation of a “framework agreement” reached between the two countries over the app.

Despite this progress, President Trump has signed an executive order to extend the US ban on TikTok by three additional months. This marks the fourth extension of a law aimed at compelling the app’s sale from its Chinese parent company.

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As negotiations continue, China’s regulatory maneuvers reflect a delicate balance between economic strategy and diplomatic signaling in the tense US-China relationship.
https://www.newsbytesapp.com/news/business/china-ends-probe-into-google-amid-trade-talks-with-us/story