Hive Digital invests $100 million to expand HPC business and accelerate AI transformation

According to Cointelegraph, Hive Digital Technologies (NASDAQ: HIVE) announced a $100 million expansion of its high-performance computing (HPC) business, accelerating its transition from a Bitcoin miner to an AI computing service provider. The company's annual revenue from HPC business has reached 20 million US dollars, with a goal to increase it to 100 million US dollars by 2026. During an interview at Nasdaq headquarters, the company's co-founder Frank Holmes and CEO Aydin Kilic revealed that they have deployed AI chips including the Nvidia H100 and plan to upgrade to Blackwell architecture GPUs. To meet the power and site demands for computing power expansion, Hive recently acquired a facility near Toronto Pearson International Airport that can support 7.2 MW HPC loads, aiming to build an AI talent network based on local university resources.