HIVE Expands NVIDIA Chip Suite to Power AI Boom with $30 Million H100 and H200 GPU Clusters to be Deployed in Quebec

Core Viewpoint - HIVE Digital Technologies Ltd. is strategically expanding its operations into high-performance computing (HPC) by deploying NVIDIA H100 and H200 GPU clusters, aiming to capitalize on the growing demand for AI solutions while maintaining its commitment to sustainability and Bitcoin mining [7][14]. Group 1: Business Expansion - The company has made a $30 million investment in additional NVIDIA GPU clusters in Quebec, reinforcing its position in the global gig economy and digital transformation of AI and HPC [14][17]. - HIVE's HPC business unit is projected to reach approximately $15 million in annualized run-rate revenue in the next quarter following the deployment of the H100 cluster [15]. - The H200 cluster, expected to generate over $20 million in annualized run-rate revenue by Q2 2025, is designed to offer significantly higher margins compared to Bitcoin mining [16][18]. Group 2: Revenue Growth Potential - HIVE is targeting $100 million in annual revenue by 2025 through its HPC services and by converting existing Bitcoin mining sites into Tier 3 data center infrastructure [8]. - The company anticipates that the deployment of its new clusters will unlock new revenue opportunities in high-margin cloud computing and AI model training services [18]. Group 3: Sustainability Commitment - The new supercomputing clusters will be powered by 100% renewable energy, aligning with HIVE's sustainability mission while meeting the surging global demand for AI computing power [17][18]. - HIVE's operations are designed to balance profitability with environmental stewardship, utilizing green-powered infrastructure [8][9]. Group 4: Market Positioning - HIVE is well-positioned to benefit from the exponential growth in AI adoption, as illustrated by significant revenue increases in the sector, such as OpenAI's revenue surge from $1 billion to $6 billion [19]. - The company aims to leverage its cutting-edge technology and infrastructure to capitalize on the rapidly expanding HPC market during the AI super cycle [19].