HPC Facility

  • HIVE Digital Technologies Exceeds 22 EH/s, Expedites AI Cloud Expansion in Sweden Through Tier-1 to Tier-3 Data Center Conversion Markets

    HIVE Digital Technologies Exceeds 22 EH/s, Expedites AI Cloud Expansion in Sweden Through Tier-1 to Tier-3 Data Center Conversion

    HIVE Digital Technologies reports significant expansion in Bitcoin mining, exceeding 22 EH/s, a 267% year-to-date increase, and producing 9.5 BTC daily with high fleet efficiency. Strategically repurposing infrastructure, HIVE is converting a data center into a Tier-3 HPC facility housing 2,000 NVIDIA GPUs for AI cloud computing, aiming for 6,000 GPUs by 2026. Ambitious targets include reaching 25 EH/s by late 2025 and 35 EH/s in 2026, underpinned by a commitment to renewable energy sources. Potential risks include dependence on ASIC miner deployment and validation of Boden conversion timeline.

    9 hours ago