Bitcoin Miner Hive Diversifies Into AI, Acquires 96 Nvidia GPUs to Boost High-Performance Computing Operations

On Friday, Hive Digital, based successful Vancouver and specializing successful bitcoin mining and high-performance computing (HPC), announced its foray into artificial quality (AI) and HPC technologies. This strategical determination involves acquiring 96 Nvidia H100 graphics processing units (GPUs).

From Bitcoin Mining to AI Expansion: Hive Digital Acquires Nvidia GPUs for HPC Enhancement

Hive Digital (Nasdaq: HIVE), elaborated connected its strategy to incorporated these GPUs into a twelve HGX servers. Each server volition beryllium equipped with 8 H100 GPUs featuring SXM connectivity. This inaugural is acceptable to heighten Hive’s existing GPU division, which presently operates 2,600 GPUs successful concern with HPC platforms.

The caller summation enables clients to entree Hive’s Nvidia GPUs for assorted timeframes. Frank Holmes, Hive’s enforcement chairman, emphasized the company’s displacement from exclusive crypto-mining to a broadened strategy encompassing divers GPU applications.

“With our proven way grounds of operating monolithic fleets of GPUs, Hive is successful an fantabulous presumption to beryllium a person successful the AI infrastructure revolution,” Holmes said. “Put simply, we person been gathering Hive’s GPU and AI concern portion to beryllium the eventual AI infrastructure prime and shovel play.”

This determination by Hive Digital aligns with a inclination among bitcoin mining companies venturing into AI technology. Peers similar Northern Data and Iris Energy person besides invested successful Nvidia H100 GPUs, targeting the burgeoning generative AI market.

Since the outset of 2023, the AI manufacture has experienced exponential growth, with billions invested and soaring demand for this technology. Aydin Kilic, CEO of Hive, noted that the recently acquired GPUs are already operational successful Sweden, Quebec, and Montreal.

Kilic, speaking connected Friday, described the nuances of GPU cognition for HPC applications compared to crypto mining. “While crypto mining is astir being businesslike and ensuring you’re maximizing the usage of vigor allocated to ASIC hashing, operating GPUs for HPC applications requires a robust and redundant web and vigor infrastructure,” helium explained.

Kilic further highlighted the strategical deployment of the company’s Nvidia GPU fleet. In their Boden information center, astir 3,000 GPUs person been repurposed for lighter HPC tasks, portion others are dedicated to mining GPU-friendly altcoins.

What bash you deliberation astir the bitcoin miners similar Hive getting into the AI industry? Share your thoughts and opinions astir this taxable successful the comments conception below.