HIVE Digital Technologies eyes a $1 billion GPU cloud pipeline as it scales AI infrastructure, aiming to transition from Bitcoin mining to higher-yield AI computing contracts under new revenue leadership.
HIVE Digital Technologies announced AI infrastructure expansion with a potential $1B GPU cloud pipeline and new revenue leadership, signaling strong growth prospects.
HIVE Digital Technologies is pivoting toward artificial intelligence, announcing a $1 billion GPU cloud pipeline and the appointment of Mark Volk as SVP of Revenue. The company, which recently surpassed $1 million in daily revenue, aims to leverage its Tier 1 data center footprint to convert computing capacity into high-margin AI contracts.
HIVE is leveraging its existing Tier 1 data center footprint and partnerships, such as the one with Bell Canada, to deploy GPU infrastructure where it can generate higher returns than Bitcoin mining.
Management notes that while GPUs are more expensive than Bitcoin-mining ASICs, they can generate 30 to 40 times more revenue per hour per chip.