This text is from Theminermag, a commerce publication for the cryptocurrency mining trade, specializing in the newest information and analysis on institutional bitcoin mining corporations.
HIVE Digital has signed an settlement to amass a 7.2-megawatt knowledge heart in Toronto, marking the primary infrastructure buy beneath its new high-performance computing subsidiary, BUZZ HPC.
In a press launch Monday, HIVE mentioned the acquisition is meant to ascertain a foothold for growing sovereign Canadian AI infrastructure, with plans to deploy liquid-cooled techniques to assist superior compute workloads.
Situated in Canada’s largest tech hub, the Toronto facility is anticipated to be upgraded to Tier 3 requirements and home as much as 5,000 next-generation GPUs. The location will function BUZZ HPC’s first wholly owned and operated knowledge heart, positioning the subsidiary to assist large-scale AI coaching, inference, and cloud companies tailor-made to authorities companies, tutorial establishments, and enterprise purchasers.
The transfer comes amid surging world demand for high-performance AI compute infrastructure and displays a rising development amongst crypto-focused knowledge heart operators repositioning for AI-driven development.
HIVE’s newest acquisition provides to the $7.03 million in income it generated from HPC internet hosting in the course of the 9 months ended December 31, as a part of its broader effort to diversify past Bitcoin mining.
In the meantime, HIVE can also be scaling up its bitcoin mining operations. The corporate just lately surpassed the 11 EH/s mark following the early completion of its Paraguay web site.
It now goals to speed up its 25 EH/s goal from year-end to the tip of November, aligning the milestone with the U.S. Thanksgiving vacation. HIVE mined 139 BTC in Might, which implied a realized hashrate of 8.51 EH/s and represented a 32% leap in realized computing capability month-over-month.
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