Tuesday, May 21, 2024

HIVE Rebrands, Publicizes Enlargement Into Cloud Computing Providers

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HIVE Digital Applied sciences Ltd., beforehand often called HIVE Blockchain, has introduced that together with its renaming, the corporate will likely be specializing in income alternatives with its Nvidia graphics processing unit (GPU) playing cards in cloud compute know-how.

HIVE plans to make the most of a fleet of 38,000 Nvidia GPUs for computational duties, increasing its income channels whereas in search of to drive developments in synthetic intelligence (AI) functions. In accordance with a press launch despatched to Bitcoin Journal, the corporate intends to enter the rental marketplace for GPU server clusters and launch its new service, HIVE Cloud. “This cloud service will empower customers with entry to a digital occasion of a single GPU, a bare-metal server geared up with as much as 10 GPUs, and even clusters of a number of servers to supply an array of computing energy,” the press launch mentioned.

Aydin Kilic, president and CEO of HIVE, highlighted the significance of high-performance computing and GPU processing energy in in the present day’s AI-driven world. Kilic said, “Coaching these instruments, from ChatGPT to Midjourney, require high-end GPU compute. As companies adapt to the brand new AI world, we imagine they’ll search corporations like HIVE to develop their very own AI instruments.”

Govt Chairman Frank Holmes expressed optimism in regards to the potential of GPU computing with Nvidia GPU playing cards, stating, “We imagine the demand has a possible for a high-margin enterprise with annual revenues within the vary over $100,000,000.”

HIVE Digital Applied sciences said that it stays “devoted to driving innovation with sustainable, ethically-driven technological options,” and that its present bitcoin mining operations will proceed. The corporate owns knowledge facilities in Canada, Sweden and Iceland.

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