TechFlow news, December 24 — According to an official announcement, cryptocurrency mining firm HIVE Digital Technologies (Nasdaq: HIVE) has deployed a new batch of NVIDIA GPU clusters in Quebec. The project involves 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 projected annualized HPC business revenue reaching $15 million in the next quarter. The H200 cluster is scheduled to arrive in January 2025 and will be fully deployed by the second quarter of 2025, with anticipated annualized revenue exceeding $20 million. HIVE Executive Chairman Frank Holmes stated that the revenue potential from its 10 MW HPC NVIDIA chip operations serving AI demand is equivalent to that of a 100 MW Bitcoin mining operation.
