Dragonfly Partner: The AI Boom Would Have Been Harder Without Growth in the Crypto Industry

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Release Time: 07/30/2026 16:43:22

Summary

Dragonfly partner Haseeb posted on X that the current AI boom might not have occurred without the growth of the crypto industry. He noted that Bitcoin miners’ experience in building large-scale infrastructure has helped AI data centers expand. The demand for crypto mining also enabled NVIDIA to pivot toward AI computing. CoreWeave, Crusoe, Together AI, and Nscale are among the new AI cloud providers with teams rooted in the crypto industry. This AI + crypto news underscores the deep connections between the two fields. Crypto industry developments continue to demonstrate how blockchain supports emerging technologies.

Odaily Planet Daily reports: Dragonfly partner Haseeb posted on X that the current AI boom might not have emerged without the development of the crypto industry. He noted that over the past decade, Bitcoin miners have accumulated valuable expertise in power acquisition, site selection, and large-scale infrastructure construction in remote areas—laying a crucial foundation for the expansion of today’s AI data centers. Additionally, crypto mining demand has helped NVIDIA transition from a gaming GPU manufacturer into a leading supplier of AI computing chips.

In addition, the core teams of several emerging AI cloud providers, including CoreWeave, Crusoe, Together AI, and Nscale, all have backgrounds in the cryptocurrency industry.

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