Phoenix Partners with Largest Helium Hardware Vendor to Launch AI Compute Miner
Shanghai, China, December 7th, 2023, Chainwire
Phoenix, a decentralized AI infrastructure platform, has partnered with Bobber.com, the company behind the widely acclaimed Bobcat Miner for Helium (HNT) wireless hotspots, to create PhoenixNode, a next-generation lightweight AI compute node. Bobber.com has shipped over 400,000 hotspot miners for the Helium ecosystem. Now, along with its parent company, JDI Group, and sister company, Bminer, they are looking to invest heavily in AI computing hardware.
For Phoenix, this marks a significant transformative leap to scale up the node network for its AI elastic compute platform SkyNet. PhoenixNode will enable individual participants, community members, teams, and strategic partners of Phoenix to own and contribute GPU-enabled computation power to the SkyNet platform and its various AI models and applications, including different deep learning models, Phoenix’s large language model (LLM) service, and AlphaNet, an AI-driven platform for trading built on Phoenix. This means that users can effectively mine rewards in return for computing resources via PhoenixNode.
According to Phoenix’s Head of Strategic Partnerships, XP Lee, “This partnership with Bobber.com to create PhoenixNode, signals the start of a shift of our staking economic model to a hybrid model that includes AI compute mining. We expect the compute mining aspect to grow over time as AI computing infrastructure’s demand will continue to skyrocket”.
According to sources at Phoenix and Bobber.com, mining participants can house the nodes in their own local network or use a co-location center or regional data center, which would affect network bandwidth and node performance. There is expected to be at least one co-location partner per region, including North America, Europe, South America, and Asia.
The initial version of PhoenixNode is scheduled to launch in Q1 2024 and is expected to be relatively affordable and in the $1,000 range. Total reward payouts combine mining rewards and variable fees based on tasks allocated to each machine. According to Phoenix, additional node types, including higher-tier systems, will be available to more advanced miners as the node ecosystem grows. SkyNet’s advanced task routing system maximizes compute resources based on AI job type, and users can manage their own compute nodes directly through the SkyNet portal.
“Bobber.com and JDI Group are the largest hardware manufacturers for Web3 and DePIN, with Helium and Dimo as prime examples of key partners for whom we provided a hardware backbone. Leveraging our large customer base of over 400,000, launching AI computing infrastructure PhoenixNode for Phoenix is an important and strategic task. We helped Helium flourish, and now we will make Phoenix great”, said Yiming Wang, Founder of Bobber.com and JDI Group.
About Phoenix
Phoenix is a blockchain infrastructure platform for decentralized AI, computation scaling, and data-driven Web 3. There are three organizations empowering Phoenix’s infrastructure & AI technology. APEX Technologies, leading China-based enterprise AI company, FLC, a Hong Kong-based AI research organization, and Tensor Investment Corporation, an AI-driven trading firm.