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Crypto
Keel ends U.S. bitcoin mining, shifts focus to high-performance computing
Keel Infrastructure has ended all bitcoin mining operations in the United States and shifted its focus to high-performance computing infrastructure. Cointelegraph reported that the company said in its second-quarter report it halted U.S. mining operations before building high-performance computing sites. Keel’s second-quarter revenue fell 50 percent from a year earlier to $30 million, and it posted an operating loss of $141 million.
Industry
Silicon anodes shake up EV battery market ahead of solid-state commercialisation
The electric vehicle battery industry is focusing first on commercialising silicon anode technology rather than solid-state batteries, which are still seen as years from broad rollout. Automakers and battery companies are expanding use of silicon anodes to improve driving range and charging speed. General Motors views wider use of silicon anodes as a key short- to medium-term solution. Battery firms and EV makers cite performance gains, while efforts continue to scale production and improve cost competitiveness.
Industry
POSCO Future M to jointly develop advanced battery materials with U.S. Sila
POSCO Future M said on March 13 it signed an MOU with U.S. battery materials company Sila to jointly develop advanced battery materials. The companies aim to combine POSCO Future M’s cathode and anode technologies with Sila’s silicon anode technology. They plan to use carbon nanomaterials to address volume expansion and structural deformation during charging and discharging and extend battery life. They will also review ways to improve cost competitiveness.