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crypto mining companiesReuters
•77% Informative
U.S. tech companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding artificial intelligence and cloud computing data centers.
Some miners are making huge profits leasing or selling their power-connected infrastructure and sites to tech, while others are losing access to the electricity needed to stay in business.
Data centers could use up to 9% of total electricity generated by the end of the decade , more than doubling their current consumption.
While the financial details of the AI data center deal were unclear, Gerasymovych said the company he was up against had billions of dollars of capital to play with. "For them, it's about speed to market and they're just throwing money around," he said. "What is there to compete with?" (Reporting by Laila Kearney and Mrinalika Roy ; Editing by Marguerita Choy ).
VR Score
87
Informative language
93
Neutral language
49
Article tone
formal
Language
English
Language complexity
61
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not offensive
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not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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