Report: FTX’s Former Bitcoin Mining Infrastructure Now Being Repurposed for AI

CryptoBriefing reported on October 12 that Bitcoin mining infrastructure formerly tied to FTX is now being used to power artificial intelligence computing. The report did not specify the buyer, location, or scale of the operation involved. FTX collapsed in November 2022 amid allegations of mismanagement and misuse of customer funds. The exchange’s bankruptcy proceedings have since involved the sale of a wide range of assets. These assets range from corporate investments to physical equipment tied to its former operations.