Taiwan’s CoreWeave? 威剛 bets $3 million to back a “mining-born” startup, Konst, aiming to capture the sovereign AI market

AI computing infrastructure startup Const Tech announced on March 25 that it has completed a $3 million (approximately NT$96 million) financing round, which is part of its Series A funding, led by memory giant ADATA Technology. Const emphasized that this fundraising will accelerate its global layout for “sovereign AI” computing infrastructure. Interestingly, Const was previously a Bitcoin miner and has now pivoted to invest its computing power into AI training, similar to CoreWeave.

ADATA leads investment in AI computing startup Const Tech

As global regulations and data localization trends intensify, AI computing is shifting from cloud resources to a race for infrastructure that possesses “local controllability.” This investment marks a key step for Const and ADATA to jointly seize the “sovereign AI” market.

The core of this collaboration lies in creating a vertically integrated architecture from memory hardware to computing centers. ADATA will be responsible for its own DRAM, eSSD, and other memory products, while Const will handle computing resource scheduling, data center construction, and operational management. The two parties will jointly launch an “integrated AI computing solution” that covers hardware, deployment, and maintenance, targeting the demand for sovereign AI from enterprises in the Asia-Pacific region and globally.

Sovereign AI refers to the ability for enterprises or governments to run models in local data centers, ensuring that data does not cross borders and complying with various regulatory and compliance requirements, which has become a key threshold for the current implementation of AI. Const Tech plans to establish 10 AI computing centers worldwide that comply with ESG standards by the end of 2027.

Const’s transformation from mining, similar to Taiwan’s version of CoreWeave

Const Tech’s positioning is not merely that of a GPU rental company but as an integrator of computing infrastructure. From data center planning, GPU cluster deployment, to subsequent maintenance and computing resource scheduling, everything is managed in-house, and issues of data storage, migration, and environmental setup are resolved through its self-developed platform, Glows.ai. Its modular design allows AI computing centers to be built within 6 to 8 months, significantly reducing the time and capital thresholds for enterprises to adopt dedicated computing power, particularly targeting small and medium-sized enterprises and application developers.

However, Const’s true competitive advantage comes from its background in “mining transformation.”

According to reports from Startup News, the Const team began engaging in cryptocurrency mining as early as 2017, having deployed GPU and server resources on a large scale. When the crypto market entered a bear market in 2022 and the structure of computing power demand changed, the team chose not to exit but instead shifted its existing mining sites and hardware assets to AI computing purposes. This transformation from “mining” to “computing power” has given Const a natural advantage in GPU procurement, data center construction, and large-scale computing scheduling. A similar background is most notably seen in the U.S. company CoreWeave.

ADATA integrates its DRAM into Const’s infrastructure

Compared to traditional cloud providers, Const is more experienced in maximizing performance and cost in high-density computing environments. Its Glows.ai platform can even allow a single graphics card to achieve nearly double output. This extreme efficiency derived from the mining industry perfectly corresponds to the current market environment of high demand for AI computing.

With ADATA’s involvement, this model further fills a critical gap: memory. As AI model sizes continue to expand, memory bandwidth and capacity have become one of the bottlenecks for training and inference. ADATA’s DRAM and storage products will be directly integrated into Const’s computing architecture, enhancing overall computing efficiency from the ground up.

This article titled “Taiwan’s version of CoreWeave? ADATA bets $3 million on the ‘mining-born’ startup Const to seize the sovereign AI market” first appeared in Chain News ABMedia.