AI trade isn’t dead: An inside look into Wall Street's lucrative data center deals
As fears mount that the artificial intelligence (AI) bubble has popped, Wall Street dealmaking is being kept alive by a fundamental problem: bitcoin (BTC) miners and data center developers still require serious amounts of power. “M&A work is still ongoing as people still need power,” said Joe Nardini, head of investment banking at B. Riley Securities, in an interview with CoinDesk. Nardini said demand for power from bitcoin miners remains “huge,” but added that the pull from AI and high-performance comp ...