Media Company to Invest $103 Million in Dogecoin Mining Venture with 3,500 Rigs

Nvidia has just secured a remarkable deal with Lambda for $1.5 billion to rent its own AI chips back. This strategic move showcases Nvidia’s commitment to AI development and utilization. In a similar vein, Walmart is stepping up its AI game by planning to train millions through the OpenAI Academy. This initiative is poised to enhance Walmart’s technological capabilities in the AI sphere significantly.

Moreover, CoreWeave recently acquired OpenPipe, indicating a concerted effort to improve AI agent development tools. This acquisition aligns with the broader trend of companies seeking to strengthen their AI infrastructure. However, security concerns have prompted Anthropic to block Chinese firms from accessing AI, shedding light on the complex geopolitical dynamics surrounding AI technology.

Meanwhile, in the cryptocurrency realm, altcoin season is off to a strong start, with Tom Lee’s BitMine adding $167 million in ETH. This surge in altcoin activity reflects the growing interest and investment in digital currencies. Additionally, Chinese fintech giants are rumored to be eyeing Venom acquisitions, signaling a significant shift in the blockchain landscape.

Ripple has also made waves by launching RLUSD stablecoin in Africa through major exchange partnerships, marking a significant milestone in the cryptocurrency ecosystem. Similarly, BlackRock’s decision to sell $151 million in Ethereum and buy $290 million in Bitcoin underscores the evolving institutional interest in digital assets.

As for Bitcoin, mining output declined in August, although MARA expanded its operations, highlighting the ongoing fluctuating nature of cryptocurrency mining. Sora Ventures further solidified its presence by setting up a $1 billion Bitcoin treasury fund in Asia, a testament to the region’s growing influence in the cryptocurrency market. The rising BTC price amid a disappointing August jobs report showcases the interplay between economic indicators and cryptocurrency performance.

In the realm of blockchain technology, SWIFT announced plans to enable XRP use in payments, a move that could redefine the digital payments landscape. Ripple’s decision to appoint BlackRock’s Maxwell Stein as a speaker at Swell 2025 speaks to Ripple’s commitment to collaboration within the industry. OpenAI’s upcoming launch of a proprietary AI chip with Broadcom in 2026 indicates a significant milestone in AI hardware development.

Lastly, Shiba Inu’s 40 million SHIB giveaway to mark its historic listing underscores the growing popularity and reach of this digital asset. Overall, these developments across AI, cryptocurrency, and blockchain technology paint a dynamic portrait of the ever-evolving digital landscape.