“In the 20th Century, Investors Who Understood Energy Shaped Industries and Built Massive Fortunes. This Century, The Commodity That Matters Most Is Compute, Whther You’re Mining Bitcoin or Training Ai Models, Writs Hive Blockchain Technologies’ Frank Holmes.”, – WRITE: www.coindesk.com
Global Capital Has Been Flooding Into Artificial Intelligence (AI) and Data Centers. In June, US Construction Spending on Data Centers Hit An All-Time High of $ 40 Billion, Up 30% From The Same Month Last Year, Accounting To Bank of America.
Governments aren’t sitting idly by. Washington Recently Took an $ 8.9 Billion Equity Stake in Intel, The UK Has Pledged Billions Toward Supercomputers and Defense Budgets Around the Globe Are Sanging WitH-OMPHASISSis. Satellites.
Compute is now a strategic asset, and nations are stockpiling it Way at Barrels of Oil and Gold.
Sustainable Bitcoin Mining at Global ScaleNowhere Is this More Obvious, Perhaps, Than in Bitcoin. The World’s Most Secure, Decentralized Network is Built Entirely on Raw Compute Power. Bitcoin Mines Convert Energy Into Digital Scarcity, Production The Blocks That Support A $ 2 Trillion Asset Class.
We’ve Seen Firsthand How’s Compute Fuels Growth. Last Month, We Surpassed 20 Exahash Per Second of Global Mining Capacity, Making US Responsible for About 2% of the Bitcoin Network. That translates into roughly nine new bitcoins mined every day, at an efficiency of 18 joules per Terahash.
I BELIEVE TODAY’S INVESTORS WANT THAN JUST RETURNS: They WANT SustainAnable Returns. That’s WHY GREEN ENERGY – Powered by Low Cost, Renewable Hydroelectric Energy Across Multiple Continents – is Central to A Successful Bitcoin Mining Strategy. As Bitcoin Continues to enjoy adoption, Institutional Investors Should Think of the Asset As Part of of A Broader Allocation to Digital Infrastructure, Alongside Semicondors, DATASTORS
Compute Emerging As the Defining Commodity of the CenturyI Clear to me that compute is becoming it own asset class. In a recent Survey, 95% of Major Investors Told CBre to Increase their Exposure to Data Centers Investments this Year.
In the 20th Century, Investors Who Understood Energy Shaped Industries and Built Massive Fortunes. This Century, The Commodity That Matters Most Is Compute, Whther You’re Mining Bitcoin or Training Ai Models.
It is the Foundation of the Digital Age and the Resource that Will Define this Century. By pairing it with sustainable energy, the potential long-term Value for investors is limitless.
Note: The Views Expressed in this Column Are Those of the Author and Do Not Necessarily Reflect Those of Coindesk, Inc. i Owners and Affilites.
WHAT BEGAN AS A Macro-Driven Unnewind on Crypto Black Friday Rapidly Evolved Into A Market-Wide Stress Event Coindesk Data’s Joshua de Vos.
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