The wave of massive contracts in the artificial intelligence (AI) and High-Performance Computing (HPC) sector continues, with the latest coming from Openai, who have agreed to buy tens of thousands of billions of dollars worth of chips from advanced micro-units (AMD).
The agreement according to Financial timescould also see Openai acquire up to a 10% share in AMD over time. AMD shares rose about 30% currently changed hands to about $ 225.
The chips purchased under this agreement will provide a total computing power capacity of 6 gigawatts (GW). Openai leaders estimate that 1 GW capacity costs approx. $ 50 billion to develop, including chips and the necessary supporting infrastructure, according to the article.
As a result, shares in Mi- and HPC-focused miners often gather on the back of such large offers and infrastructure developments.
During Monday’s US Open: BitFarms (Bitf) rose 8%, Iren (IREN) rose 12%to act at all times high of about $ 56, Hive Digital (Hive) Advanced 12%, Cipher Mining (CIFR) climbed 7%, Cleanspark (CLSK) added 5%, and Terrawulf (Wulf) had also risen 5%.
Galaxy is expanded to AI/HPC
Galaxy Digital (GLXY) has emerged as an important recipient of the rapid re-pricing of AI and HPC infrastructure sectors after converting his Helios Campus into a large AI/HPC data center.
In August, the company secured $ 1.4 billion in project financing for retrofitting the plant and signing a long -term lease with Coreweave (CRWV) covering up to 800 MW computer capacity.
It was shares were also higher by 5% Monday, as the AMD news combined with the company’s launch of Galaxyon, a new wealth management platform that offers 4% dividends on FDIC-insured cash and trouble-free auto investment to crypto and US shares.
GLXY shares have now increased by 116% years to date.
