According to Cointelegraph, the defunct exchange FTX now uses its cryptocurrency mining venture to support artificial intelligence initiatives. The exchange previously acquired a 20% stake in Genesis Digital Assets before filing for bankruptcy in November 2022. Since then, the mining operation associated with that stake has been redirected toward AI-related data center activities.
The reassignment reflects how assets formerly linked to FTX’s broader crypto business infrastructure are being utilized for emerging applications in AI development. No details were provided regarding timelines, technical specifications, partnership terms, or financial impact of this shift.
