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The AI boom runs on metal. A two-year-old startup just raised $310m to mine it, autonomously, on US soil.

The Next Web

TechnologyThe Next Web·Aug 3, 2026·1 min read

The AI boom runs on metal. A two-year-old startup just raised $310m to mine it, autonomously, on US soil.

People tell the AI boom as a story about chips and models. Underneath it is metal. Every data centre, chip, power line and robot starts with copper and a handful of other minerals. The United States has quietly lost control of where they…

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