🧵 1. Canada-based mining firm Hive Digital rebrands to Hive Digital Technologies, shifting focus from blockchain to AI and cloud computing. $HIVE #tech
🧵 1. Canada-based mining firm Hive Digital rebrands to Hive Digital Technologies, shifting focus from blockchain to AI and cloud computing. $HIVE #tech
🧵 2. Hive Digital will utilize Nvidia GPUs to explore AI applications and support the Web3 ecosystem. Investments in BTC mining will continue alongside 38,000 GPUs for computation tasks.
🧵 3. Hive plans to launch Hive Cloud, renting GPU server clusters, to compete with major cloud service providers. Chairman predicts potential annual revenues exceeding $100 million.
🧵 4. As AI platforms like OpenAI's ChatGPT and Google's Bard gain rapid adoption, technology firms, including Hive, are diversifying and exploring AI-related products. AMD introduces MI300X chip to challenge Nvidia.
🧵 Read more at: https://coingeek.com/block-reward-miner-hive-digital-ditches-blockchain-tag-as-it-pivots-toward-ai/