Meta to Build $800 Million Data Center in Indiana

by Александр Пирогов | Jan 26, 2024 | Blog News

Meta (formerly Facebook) has announced plans to build a new data center in Jeffersonville, Indiana, at a cost of $800 million. The 700,000-square-foot campus will support Meta’s global data needs, including its artificial intelligence (AI) operations....

Cryptocurrency Lending Platform Nexo Submits $3 Billion Arbitration Claim Against Bulgaria

by Александр Пирогов | Jan 26, 2024 | Blog News

Cryptocurrency lending platform Nexo has submitted a $3 billion arbitration claim against the Republic of Bulgaria, following a raid on its office in 2023 and a subsequent probe by the Bulgarian Prosecutor General’s Office. Nexo alleges that these actions harmed its...

UK Supreme Court Denies Craig Wright Permission to Appeal in Libel Case

by Александр Пирогов | Jan 26, 2024 | Blog News

The UK Supreme Court has denied self-proclaimed Bitcoin inventor Craig Wright permission to appeal a ruling in his libel case against podcaster Peter McCormack. Wright was entitled to only £1 in compensation for the libel claim against McCormack in July. The Supreme...

Crypto Miners Blamed for Mass Electricity Outages in Russia’s Siberia

by Александр Пирогов | Jan 26, 2024 | Blog News

Power providers in Siberia, Russia, have accused cryptocurrency miners of causing “mass” electricity outages during recent cold snaps. Rosseti Siberia, the local branch of the state-run power provider Rosseti, claimed an increase in illegal mining activity...

Microsoft Surpasses $3 Trillion Valuation, Fueled by AI Focus

by Александр Пирогов | Jan 26, 2024 | Blog News

Microsoft has become the second company ever to achieve a valuation of over $3 trillion, following Apple’s milestone in June 2023. The surge in Microsoft’s valuation is attributed to its strategic emphasis on artificial intelligence (AI), prompting an...

IEA Warns Cryptocurrency and AI Consumption May Double Electricity Usage by 2026

by Александр Пирогов | Jan 26, 2024 | Blog News

The International Energy Agency (IEA) has issued a warning stating that the combined electricity consumption of cryptocurrencies and artificial intelligence (AI) accounts for nearly 2% of the world’s total electricity usage. The IEA’s comprehensive report...