The wave of large contracts in the Artificial Intelligence (AI) and High Performance Computing (HPC) sectors continues, with the latest coming from Openai.
According to the transaction Financial TimesOpenai can also acquire up to 10% of its shares over time. AMD stocks have now skyrocketed about 30%, changing hands at around $225.
Tips purchased under this Agreement provide a total calculated capacity of 6 Gigawatts (GW). An Openai executive estimates that, according to the article, about $50 billion in developing 1 GW capacity, including chips and the required support infrastructure.
As a result, miner stocks focused on AI and HPC often gather behind such large transactions and infrastructure build-outs.
During the US Open on Monday: BitFarm (BITF) scored 8%, while Aylen (Aylen) rose 12% at an all-time high, about $56, Hive Digital (Hive) increased by 12%, Crypto Mining (CIFR) increased by 7%, Clean Spark (CLSK) increased by 5%, and Terrawolf (Warf) increased by 5%.
Galaxy expands to AI/HPC
Galaxy Digital (GLXY) has transformed the HELIOS campus into a large AI/HPC data center and has emerged as a major beneficiary of rapid repricing in the AI and HPC infrastructure sectors.
In August, the company secured $1.4 billion in project funding to remodel the facility and signed a long-term lease with CoreWeave (CRWV), which covers up to 800 MW of computing power.
It also saw a 5% increase on Monday as AMD News is combined with the launch of Galaxyone. It is a new wealth management platform that offers 4% yield in FDIC insurance cash and seamless automated investments in Crypto and US stocks.
Glxy stocks are currently up 116% since the start of the year.
