FTX’s crypto mining venture is now used to advance AI
Summary
The bankrupt cryptocurrency platform FTX previously secured a twenty percent ownership stake in Genesis Digital Assets prior to its collapse. That digital asset mining operation is now being redirected to support artificial intelligence developments.
The defunct exchange acquired a 20% stake in Genesis Digital Assets before FTX declared bankruptcy in November 2022.
Source: Read the full story at Cointelegraph.com News
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.