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Investors are questioning whether the huge sums being spent on AI hardware and data centers will lead to real profits. This shift in mood has hit chip equipment makers and infrastructure providers alike. For Bitzero, which is trying to pivot from Bitcoin mining to leasing out data center space for AI workloads, a broader pullback in AI spending could make it harder to find customers or secure the high rates it needs to reach profitability.
Source: Barrons
Bitzero is stepping up its efforts to reach more investors as it builds out its data center platform in Norway. While hiring marketing and relations firms is routine, it highlights management's focus on the capital markets. This is particularly relevant because the company has relied on selling new shares to fund its operations and bridge its current cash deficit.
Source: Newsfile Corp
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