Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates 
Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns 
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
Qualcomm Nears $4 Billion Acquisition of AI Chip Startup Modular 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
US-Iran De-Escalation Shifts Washington’s Focus to AI Regulation and Crypto Legislation 
Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom 
Today’s space race could turn fatal if we don’t agree on new rules 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
Murphysboro, Illinois is slowly attracting crypto-miners. And bringing in its newest occupants is renewable energy company Solar Alliance Energy, which has acquired a 165,00-square-foot land to be used as a mining warehouse, Cointelegraph reported.
The company’s spokesman, none other than actor William Shatner himself, expressed his admiration for the blockchain technology, particularly the cryptocurrencies that it has produced. He went on to say that pairing renewable energy with crypto mining advocates an essential change.
This is important to note since high energy costs have been among the core problems that are hounding this innovation. Just recently, Quebec temporarily stopped processing inquiries from crypto mining companies highly interested in building headquarters in the province. The reason is that the province’s major energy provider, Hydro-Quebec, cannot keep up with the energy demand that these miners require.
Jason Bak, CEO of Solar Alliance Energy, is well aware of this problem, which is exactly what made him start this venture. Bak said that Illinois’s policy of mandating utility companies to purchase green energy made the endeavor practical.
And there’s also the fact that Murphysboro mayor Will Stevens offered them the 14-acre land for a “nominal price.” Apparently, the large swathe of land has been sitting around unoccupied since 2004. A previous tenant was a label-making factory. Solar Alliance Energy means to rent the area for crypto miners, a trend that’s slowly growing in this particular industry.
Stevens is ecstatic that the crypto boom is slowly entering their area as they need an economic boost. While he shared that their borders have attracted some tourism and microbreweries, the mayor said employment loss struck them hard when the global economy shifted.
“The combination of solar and cryptocurrency will provide opportunities for the local workforce and position our community for the future,” Stevens added.
