HIVE Digital Boosts AI Ambitions With $30 Million Nvidia GPU Deployment

HIVE Digital Technologies (NASDAQ:HIVE) announced on Tuesday its acquisition and deployment of advanced Nvidia Corp (NASDAQ:NVDA) H100 and H200 GPU clusters in Quebec, Canada.

This strategic $30 million investment aims to strengthen HIVE’s position in artificial intelligence (AI) and high-performance computing (HPC) and enhance its role in the digital transformation landscape.

The new GPU clusters are part of HIVE’s broader strategy to drive growth in AI and HPC markets.

Also Read: Broadcom Expects Decade-Long AI Chip Boom as Big Tech Invest Billions

HIVE expects the latest technology to significantly boost its annualized run-rate revenue and margin growth in …

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