This text is from Theminermag, a commerce publication for the cryptocurrency mining trade, specializing in the most recent 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 below 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 methods to assist superior compute workloads.
Positioned 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 positioning will function BUZZ HPC’s first wholly owned and operated knowledge heart, positioning the subsidiary to assist large-scale AI coaching, inference, and cloud providers tailor-made to authorities companies, educational establishments, and enterprise shoppers.
The transfer comes amid surging international demand for high-performance AI compute infrastructure and displays a rising pattern amongst crypto-focused knowledge heart operators repositioning for AI-driven progress.
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 lately surpassed the 11 EH/s mark following the early completion of its Paraguay website.
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% soar in realized computing capability month-over-month.
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