Tag: Microsoft

Bitcoin mining stocks down after Microsoft scraps data center plans

coiner

Bitcoin (BTC) mining stocks are down after tech giant Microsoft reportedly scrapped plans to invest in new artificial intelligence data centers in the US and Europe, citing a potential oversupply, according to a report by Bloomberg and data from Google Finance. Shares of crypto miners Bitfarms, CleanSpark, Core Scientific, Hut 8, Marathon Digital and Riot dropped between 4% and 12% in tandem with the news, the data showed. The stock price retrenchments highlight cryptocurrency miners’ increased dependence on business from artificial intelligence models after the Bitcoin network’s April 2024 “halving”…

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Microsoft Reinforces Its Interest in Crypto Despite Rejection of Bitcoin Investments

coiner

Microsoft, one of the largest tech companies in the world, has reinforced its interest in crypto as an asset class, proclaiming that it was one of the pioneers in accepting digital assets for its services. Microsoft Will Continue Evaluating Crypto as an Asset Class in the Future Microsoft, one of the largest companies in the […] Source link

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Microsoft enters $100M partnership with Canadian firm after quantum breakthrough

coiner

Canadian quantum computing firm Photonic has emerged from stealth to raise $100 million for its all-silicon quantum computing platform. Among the investors is new partner Microsoft, who will co-develop quantum networking solutions with the startup. The investment and partnership come as numerous experts in the industry laud Photonic’s novel approach to quantum computing as a “breakthrough” for the field. We’re joining forces with @TeamPhotonic to enable future quantum networking over long distances—and to integrate Photonic’s scalable quantum computing offering into Azure Quantum Elements. Learn more: https://t.co/S8nTpNuEIY #AzureQuantum — Azure Quantum…

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Axelar partners with Microsoft for hybrid blockchain solutions

coiner

On July 11, cross-chain protocol Axelar and tech giant Microsoft announced a partnership to bridge public and private blockchains. The collaboration will see Axelar joining Microsoft’s Azure marketplace, becoming the first cross-chain protocol listed on the developer’s online store. Galen Moore, Axelar’s spokesperson, told Cointelegraph that the initiative would enable Axelar to reach tens of thousands of companies that use Azure, Microsoft’s cloud service. “This has tremendous potential for products that integrate established internet technology with public blockchains in ways that are meaningful for users,” Moore stated. In the marketplace,…

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