GM Brew Crew, it’s Friday, charts are green, and we have a long weekend on our hands? Are we dreaming?? Let’s dive in ⬇️

On the menu today:

• POLYGON CO-FOUNDER SEES GAMING AS CRYPTO’S BIGGEST OPPORTUNITY 🕹

• USBTC COULD BECOME MAJOR BITCOIN MINING COMPANY ⛏

• NVIDIA FORECAST REMINDS BTC MINERS TO CONSIDER AI 🤷‍♂️

Today’s Charts:

POLYGON CO-FOUNDER SEES GAMING AS CRYPTO’S BIGGEST OPPORTUNITY 🕹

Polygon co-founder, Sandeep Nailwal, sees Web3 gaming as a significant driver for mass crypto adoption, as expressed in a recent Reddit AMA.

• Nailwal stated that upcoming Web3 games have the potential to crack the crypto code, with over $2 billion in funding received last year.

• Polygon and Immutable X partnered to develop a scalable gaming blockchain using Polygon's EVM-compatible zk-rollup tech. The network is set to launch soon, promising faster blockchain games and more.

USBTC COULD BECOME MAJOR BITCOIN MINING COMPANY ⛏

In a press release, U.S. Bitcoin Corporation, part of Fahrenheit Consortium, announced its plan to become one of the largest miners in the U.S. by acquiring mining assets from bankrupt lender Celsius.

• USBTC plans to bring these rigs online, totalling a fleet of at least 270,000 mining rigs and significantly boosting its computing power by 12.2 exahash/second.

• In exchange for managing the Celsius mining fleet for five years, USBTC will receive an annual management fee of $15 million, net of expenses, potentially amounting to $75 million.

• USBTC will also undertake the construction of 100 megawatts (MW) of infrastructure to accommodate the Celsius rigs and provide a plan for an additional 240 MW capacity.

NVIDIA FORECAST REMINDS BTC MINERS TO CONSIDER AI 🤷‍♂️

Nvidia's bullish outlook and surging stock price serves as a nudge to bitcoin miners about the potential for leveraging their expertise and data centers for AI applications. Their response remains uncertain.

• Ethan Vera, COO of Luxor Technologies, expects Nvidia's positive market reaction to motivate mining companies to allocate more power for diverse computing and make their own announcements.

• Miners anticipate higher profits in AI than mining (at least before another btc bull run), but transitioning may require additional infrastructure, says Wes Cummins, CEO of Applied Digital.

• Cummins shared his experience, stating that the cost of constructing an AI industry-compliant data center in North Dakota was ten times higher compared to mining.

Special Blend: Morning Meme Roast

As the CryptoBrew Daily comes to a close, we invite you to join us on Twitter for more crypto chat. Think of it as a chill gathering of like-minded folks, minus Chad talking about his 1-rep deadlift max and your tipsy uncle who always shares TMI stories. Let’s keep the crypto conversation going!

***DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and is not intended to be construed as financial advice or a solicitation to buy or sell any assets. We urge you to exercise caution and conduct your own research before making any financial decisions.