News

BlockBeats News, June 22, NVIDIA announced that Europe is building or deploying 35 AI and HPC supercomputers, covering 23 countries and research institutions, becoming the largest supercomputer expansion plan in Europe within a year. The batch of systems is based on NVIDIA's Blackwell and Hopper architecture, combined with the CUDA-X, NVIDIA NIM, and AI Enterprise software stack, supporting fields such as climate science, medical research, clean energy, and quantum computing. Official data shows that the related infrastructure will serve over 3 million researchers. NVIDIA stated that its AI infrastructure has supported over 90% of AI factory construction in Europe, with a cumulative deployment or planning of about 800 AI exaflops of computing power. In specific projects, institutions such as the Barcelona Supercomputing Center, German HLRS, Italy's CINECA, Sweden's NAISS, among others, are advancing the construction of NVIDIA GPU-based AI factories, with some systems reaching tens of exaflops in training and inference performance. Furthermore, the plan also includes collaboration with Siemens Energy in hydrogen gas turbine research and quantum-GPU fusion computing research based on the CUDA-Q platform. NVIDIA CEO Jensen Huang stated that AI is becoming a "new scientific instrument" that will help researchers accelerate complex system simulations and scientific discoveries.

BlockBeats News, June 22nd. Bank of America currently expects the Fed to raise interest rates three times this year, the latest sign on Wall Street preparing for a more aggressive Fed tightening. The bank's economists previously expected the Fed to keep rates unchanged this year. The reason for their adjusted outlook is the strong economic data and the Fed's hawkish communication, implying a more proactive approach to addressing inflation. Bank of America's forecast of three rate hikes remains in the minority: currently, only 19% of market investors expect three rate hikes, although this percentage has risen from 3% a week ago. Investors believe that two rate hikes this year are the most likely outcome. (FXStreet)

On June 22, JPMorgan's latest report indicated that as more miners operate close to break-even, the Bitcoin mining network is exhibiting greater sensitivity to price changes, with the response of hash rate and mining difficulty to price fluctuations significantly increasing. The analysis shows that the 'elasticity coefficient' of mining difficulty relative to Bitcoin price changes has risen to 0.62 over the past six months, indicating a faster response of hash rate to market changes. Analysts noted that Bitcoin prices have been below production costs for five consecutive months, with approximately 20% of miners currently operating at a loss. Under profit pressure, publicly listed mining companies have increased their Bitcoin selling volume, with over 32,000 BTC sold in the first quarter alone, surpassing the total for the entire year of 2025. As some high-cost mining machines are shut down, network hash rate declines, leading to adjustments in mining difficulty. JPMorgan expects that as long as Bitcoin remains below the production cost of about $78,000, the high sensitivity of mining to price fluctuations will persist. Meanwhile, some mining companies are turning to artificial intelligence and high-performance computing businesses to seek more stable revenue sources.