AI & Enterprise

SpaceX alumni bet on solar and batteries as AI data centre power demand surges

As power demand from AI data centres surges, founders with SpaceX backgrounds have entered a new power supply business combining solar power and batteries. U.S. energy startup Ambrosia Energy is developing a system targeting AI data centres, aiming to supply stable 24-hour power. It targets a power cost of about $100 per MWh and says plants can be built within 12 months of signing contracts. The company has begun building its first plant in West Texas.

Crypto

Bitcoin mining profits plunge, putting $60,000 support under test

Bitcoin mining profitability has fallen to a record low, fueling market unease over whether bitcoin can hold the $60,000 support level. As the price slipped toward $62,000, on-chain activity cooled and miner revenue sank. Miners and pools still hold more than $110 billion worth of bitcoin, raising concerns about potential selling. Industry concentration has increased, while some miners shift power infrastructure toward AI computing.