Crypto mining company HIVE Digital invests $30 million to deploy Nvidia chip cluster

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Cointime2024/12/24 13:33

By:Cointime

cryptocurrency mining company HIVE Digital Technologies (NASDAQ: HIVE) announced the deployment of a new batch of NVIDIA GPU clusters in Quebec. The project has a total investment of $30 million, including 248 H100 GPUs (32 nodes) and 508 H200 GPUs (64 nodes). The H100 cluster is expected to be operational by the end of 2024, with an estimated quarterly HPC business annual revenue of $15 million. The H200 cluster is expected to arrive in January 2025 and be deployed by the second quarter of 2025, with an expected annual revenue of over $20 million. Frank Holmes, executive chairman of HIVE, said that the revenue potential of the 10 MW HPC NVIDIA chip service for AI demand is equivalent to the revenue from 100 MW of Bitcoin mining.

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