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Bitcoin Miner TeraWulf Aims to Raise $575 Million to Fund Google-Backed AI Ambitions

Bitcoin miner TeraWulf aims to raise $575 million to support its data center initiatives, specifically through $500 million in convertible notes, followed by an additional $75 million in debt. This strategy is linked to TeraWulf's partnership with Fluidstack, focusing on expanding AI computing capabilities, which involves building a new data center with a critical IT load of 168 MW in Abernathy, Texas. The joint venture is backed by Google, enhancing TeraWulf's prospects in the competitive landscape of AI and blockchain technology. After an initial spike in stock prices due to the announcement, TeraWulf's shares have experienced a minor decline. The move comes as Bitcoin mining becomes more challenging, prompting companies to explore alternative revenue streams, such as AI data centers. TeraWulf is part of a trend where miners are pivoting towards AI investments to sustain and grow revenue amidst market volatility.

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Bitchat Tops Jamaica App Charts as Hurricane Melissa Cuts Connectivity

Bitchat, a decentralized messaging app, surged in popularity in Jamaica during Hurricane Melissa, which severely disrupted telecommunications on the island. As national connectivity dropped to about 30% due to heavy winds and infrastructure damage, Bitchat became the top-ranked app in Jamaica’s social networking category. The app operates without internet

Bitchat Tops Jamaica App Charts as Hurricane Melissa Cuts Connectivity

Bitchat, a decentralized messaging app, surged in popularity in Jamaica during Hurricane Melissa, which severely disrupted telecommunications across the island. Downloads increased sharply as the storm knocked out traditional communication infrastructure, with reports indicating national connectivity dropped to about 30%. The app allows for offline peer-to-peer messaging via Bluetooth mesh

Bitchat Tops Jamaica App Charts as Hurricane Melissa Cuts Connectivity

Bitchat, a peer-to-peer messaging app, surged in popularity in Jamaica during Hurricane Melissa, which severely disrupted power and telecommunications across the island. As national connectivity plummeted to roughly 30%, Bitchat's downloads skyrocketed, ranking first in the social networking category for Apple users and second overall among free apps