Storj, a crypto-backed cloud-storage platform, has recently announced its acquisition of Valdi, a leading provider of high-performance cloud computing services. This strategic move by Storj is aimed at incorporating graphics-processing-unit (GPU) computing into its portfolio to cater to the needs of enterprise clients.
Valdi boasts a network of over 16,000 GPUs worldwide, offering on-demand processing services that are extensively utilized for artificial intelligence (AI) training across various industries such as technology, research, and life sciences. The integration of Valdi’s GPU capabilities will enable Storj to provide enhanced cloud solutions that meet the evolving demands of modern enterprises.
The surge in demand for power and infrastructure, particularly from AI and high-performance computing (HPC) sectors, has prompted shifts in the cryptocurrency mining landscape. Notably, some bitcoin miners are now redirecting their focus towards other opportunities. For instance, Core Scientific recently secured a significant 12-year, 200-megawatt AI contract with CoreWeave, a cloud computing company.
Colby Winegar, Chief Revenue Officer at Storj, emphasized the importance of innovative and sustainable cloud solutions for contemporary enterprises. He highlighted how Valdi’s acquisition will address the scarcity of GPUs driven by the rapid growth of the AI market, enabling customers to leverage GPU compute cycles from data centers worldwide.
Winegar further elaborated on the synergies between Storj’s distributed cloud and Valdi’s high-performance cloud compute, particularly emphasizing the optimization for Generative AI workloads. This strategic alignment is poised to unlock new possibilities for customers seeking cutting-edge cloud computing solutions.