Europe’s tech renaissance: how Solidus AI Tech is advancing AI and blockchain in the EU

According to a Goldman Sachs study, global investment in AI will reach $200bn by 2025. The bank’s analysts expect most of that to go into hardware for training LLM and software.

This article looks at Solidus AI Tech, which is building an eco-friendly data centre in the European Union for AI and blockchain projects.

What is Solidus AI Tech

Solidus AI Tech provides Artificial-Intelligence-as-a-Service (AIaaS) and Blockchain-as-a-Service (BaaS), as well as high-performance computing (HPC) capacity for rent.

The company was founded in 2017 as an Ethereum-mining venture. Anticipating the second-largest cryptocurrency’s shift to Proof-of-Stake, the team built ties with government agencies and corporates that might need HPC services.

Solidus AI Tech’s headquarters are in Dubai. It is currently building a 740-square-metre eco-friendly data centre in Bucharest (Romania) and reports progress on Telegram and X.

? Weekly Data Center Update!

Big strides are being made as we prepare to power up the electrical systems soon, a major milestone in our journey!

Here’s what’s coming together to ensure everything is on track:
• Server room completion, with the lights, flooring & ventilation… pic.twitter.com/FNR4PXP22D

— AITECH (@AITECHio) December 14, 2024

“EU countries consume a third of the world’s computing power but produce only 5%. As a result, European scientists and engineers rely on high-performance computing in the United States that is costlier by a ratio of 10:1.

We have successfully completed the first stage of building the Solidus AI Tech data centre, which will be more economical and efficient than American counterparts. Operating out of Bucharest, we gain access to inexpensive electricity and the fastest internet in Europe.

Thanks to the efforts of our research team, our equipment consumes 40% less energy than the industry average,” project representatives note.

Solidus AI Tech entered the top five projects on Binance Alpha. Its partners include Nvidia and specialised AI-chip maker Sambanova AI. The project plans to install HGX H100, DGX A100, L40 X8, RTX 4090 and SambaNova RDU systems in the data centre.

Once construction is complete, Solidus AI Tech will initially act as the sole HPC provider, and will then roll out a peer-to-peer network that lets users request each other’s compute.

“Unlike centralised cloud providers that currently dominate the market, our services overcome the limitations imposed by closed networks and payment mechanisms,” the Solidus AI Tech white paper says.

The project aims to build data centres around the world.

Ecosystem

The Solidus AI Tech ecosystem includes:

• Compute Marketplace. Supports one-click compute deployment, an API for developers and a dashboard for hardware providers;
• Launchpad. Provides early access to new projects’ tokens. At the time of writing, the platform has held 10 IDO and raised $1.2m;
• AITECH Pad. A crowdfunding platform for transparent fundraising via smart contracts;
• The AITECH token. Offers discounts on Solidus AI Tech products and services, and a say in the project’s future.

The company has also launched an AI Marketplace, where creators list their AI solutions and users buy subscriptions.

At the time of publication, 42 products are available on the platform, including AI agents and assistants, large language models, databases and applications. Each features a detailed description, instructions, documentation and user reviews.

In the near term, Solidus AI plans to add a further 55 applications.

The AITECH token

AITECH is a deflationary BEP-20 utility token. At the time of publication it is trading at around $0.09 on Bitget, KuCoin, Gate.io and other platforms.

AITECH’s smart contracts have been audited by CertiK and Hacken. Thanks to a burn mechanism, 8m coins have been removed from circulation out of a total supply of 2bn AITECH.

Token holders can put their assets into staking. Annual yields depend on the lock-up period and range from 1.5% to 3.8%.

AITECH stakers receive a 0.5–4% rebate and can govern the project by voting in the DAO on Snapshot.

For locking AITECH in each pool, Solidus AI Tech awards points needed to participate in votes and buy tokens on the Launchpad.

On December 12th the project launched a trading competition on PancakeSwap with a $50,000 prize pool. To take part, users must trade AITECH via the exchange’s web interface and Telegram bot until December 31st.

? Join the @AITECHio Trading Competition to win $50,000

? Duration: Dec 12 — 31

1️⃣ Daily Lucky Winners $10,000
2️⃣ Top Trader Leaderboard $30,000
3️⃣ PancakeSwap Telegram Bot $10,000

? Trade AITECH here: https://t.co/d0nIrW9LAs

? More https://t.co/FDFlrbdxBD pic.twitter.com/CnWR6JXki3

— PancakeSwap (@PancakeSwap) December 12, 2024

The DEX will reward ten random winners daily with AITECH worth $50. After the competition ends, the top 30 traders will receive $300–$6000 depending on their position in the leaderboard.

Sustainability

Solidus AI Tech supports the Crypto Climate Accord. Its signatories aim to reach net-zero emissions from electricity consumption by 2030 and to create standards, tools and technologies for blockchains powered by renewable energy.

The team believes such an accord will benefit the planet and the global economy, reduce emissions and encourage wider cryptocurrency adoption.

“High-performance computing already consumes a significant share of the world’s electricity, with air cooling accounting for up to 30–40% of that. The sector urgently needs sustainable solutions.

We will use evaporative cooling — an environmentally friendly technology that consumes 80% less energy than compressor-based air conditioners. It can reduce air temperature by up to 12℃ and improve air quality.

At the very first consultation with a client, our specialists will determine how to optimise equipment to achieve maximum application efficiency with minimal energy consumption,” the Solidus AI Tech team comments.

The company claims that thanks to special algorithms and bespoke hardware architecture, each computer will need an amount of energy comparable to that of a household light bulb. The heat generated by the equipment will be used to heat premises during the cold season.

Conclusions

Solidus AI Tech is a young project focused on the eco-friendly development of AI and blockchain in the EU through decentralised marketplaces.

The deflationary AITECH utility token, with a market capitalisation above $100m, trades on HTX, MEXC and other exchanges. Holders can stake it with yields of up to 3.8% a year, receive discounts on the company’s services and participate in the project’s development through DAO voting.