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Michael Novogratz's Galaxy Looks to AI Computing as Bitcoin Mining Revenue Falls

The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.

Mike Novogratz, Galaxy Founder and CEO, speaks at Consensus 2024 (CoinDesk/Shutterstock/Suzanne Cordiero)
Mike Novogratz, Galaxy Founder and CEO, speaks at Consensus 2024 (CoinDesk/Shutterstock/Suzanne Cordiero)