HIVE Digital Technologies utilizes Bitcoin mining to run a data center providing AI infrastructure for academic research, deploying Nvidia GPUs.
4 reports, 1 independent
Updated Aug 17
Gone quiet
- Reports
- 4
- Developments
- 4
- Repetition
- 50%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
HIVE Digital Technologies utilizes Bitcoin mining to run a data center providing AI infrastructure for academic research, deploying Nvidia GPUs.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- BUZZ HPC, a wholly owned subsidiary of HIVE Digital Technologies, engages in Bitcoin mining and trades on the Toronto Stock Exchange.Sub-event
- Hive is utilizing a site in Manitoba for high-performance computing (HPC) deployments while receiving rewards from its Bitcoin mining operations.Sub-event
HIVE expands its Bitcoin mining operations to Paraguay, Sweden, and Canada, and is tracked by TipRanks.1 source
HIVE Digital Technologies combines Bitcoin mining with AI cloud services using Nvidia GPUs.1 source
Keep exploring
Part of
Major tech companies, including Nvidia, Google, Oracle, and Amazon, are involved in the AI infrastructure boom.Also in this story
- SK Hynix is gaining market share in the AI infrastructure boom by supplying HBM chips to Google and Nvidia, while also challenging established giants like Micron and Samsung.
- Google is actively trying to gain market share from Nvidia, while Anthropic has secured compute capacity from Google.
- Major tech companies, including Amazon, Google, OpenAI, and Microsoft, are facing market overspending pressures due to the major AI investment wave.
- SK Hynix supplies HBM chips for AI systems and has surpassed Samsung in market value.
The entities involved
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Bitcoin
digital cash system and associated currency
Related events
- Miners retain Bitcoin operations while AI infrastructure is listed on the Nasdaq.
- CoreWeave utilized Nvidia GPUs for cryptocurrency mining, specifically for Ethereum and Bitcoin, while also providing AI infrastructure to tech companies.
- IREN is operating bitcoin mining data centers and focusing on bitcoin mining using immersion technology.
- TRM Labs is using AI to track crypto criminals, while the technology simultaneously turbo-charges online crime using crypto.
- A company is establishing a data center business in Paraguay, utilizing Bitcoin and GPU technology to expand its infrastructure.