News linked to both this project and an event.
Odaily reports: SpaceX released its third-quarter financial results after the U.S. stock market closed early this morning. During the investor call following the earnings release, analyst Adam Jonas asked Elon Musk about "whether SpaceX has already purchased lithography equipment and the progress of its in-house chip manufacturing."Elon Musk responded: "We are still figuring out chip manufacturing technology. I can share our internal expectations, though these expectations obviously carry great uncertainty, because we don't yet know whether we can actually achieve the goal. But our internal target right now is to try to produce the first fully functional test chip around May or June of next year. It will only be something like an SRAM chip, mainly used to test the entire production line. It will be completed at our research fab in Austin. Our goal is to achieve large-scale mass production at the Terafab main site at Gibbons Creek by the third quarter of 2028. Of course, these timelines are very aggressive. To achieve this goal, we are very grateful to ASML and all other suppliers for their support in accelerating equipment delivery."
Soluna Holdings has announced an amended agreement with Dory Creek, a subsidiary of Bitdeer Technologies Group, to increase the Bitcoin mining capacity of its Project Kati 1 in South Texas, USA by 7MW, bringing the total power allocation for the project between the two parties to 35MW and filling the K1BC phase capacity. This expansion adopts a joint mining model, with Bitdeer providing and retaining ownership of Sealminer A2 Pro Air miners, while Soluna is responsible for data center infrastructure, power, and operational management, with mining revenue shared between the two parties. The additional 7MW is expected to be fully deployed by November 2026. (TheEnergyMag)
According to Bitcoin.com, Bitdeer subsidiary Dory Creek will deploy its proprietary Sealminer A2 Pro Air miners starting in September 2026 at Project Kati 1, a wind-powered data center operated by Soluna in Willacy County, Texas, utilizing an expected 28 MW of power and generating approximately 1.93 EH/s of Bitcoin mining hash rate. The collaboration operates on a revenue-sharing model: Soluna manages the site, power supply, and daily operations, while Bitdeer provides and retains ownership of the mining equipment, with both parties splitting the Bitcoin revenue generated by this portion of the hardware. Project Kati 1 has a total capacity of 83 MW, with Galaxy Digital currently utilizing 48 MW for Bitcoin mining.
Venice AI founder Erik Voorhees announced on Wednesday that the company has completed its first external funding round, raising $65 million at a $1 billion valuation. The round was led by Dragonfly, with participation from North Island Ventures, Coinbase Ventures, Archetype, Liquid2 Ventures, and Morgan Creek. Launched in May 2024, Venice AI is a privacy-focused AI chatbot alternative platform designed to prevent storing user conversations on centralized company servers. Voorhees stated that Venice AI has surpassed 3 million users and has already achieved profitability in the first quarter. Voorhees said the new capital will be used to expand the Venice platform, which provides access to major open-source and proprietary AI models through a single interface and API. The annual issuance of Venice AI's native token, VVV, was reduced to 3 million tokens on Wednesday, used to reward token holders who support the network by staking VVV.