List of Flash News about HIVE stock
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2025-07-07 21:00 |
HIVE Digital Expands into AI, Acquiring 7.2 MW Toronto Data Center to Diversify Beyond Crypto Mining
According to @DeepLearningAI, HIVE Digital Technologies (HIVE) is diversifying its revenue streams by acquiring a 7.2-megawatt data center in Toronto, Canada. The source states this facility will be transformed into an AI infrastructure hub by its subsidiary, BUZZ HPC, and upgraded to host up to 5,000 next-generation GPUs with liquid cooling. This strategic pivot into high-performance computing (HPC) for AI reflects a growing trend among crypto miners, such as Core Scientific (CORZ), to leverage their infrastructure expertise to capture opportunities in the booming AI sector, potentially creating new, stable revenue sources outside of volatile crypto mining. |