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HIVE Digital Technologies Ltd. (HIVE) Partners with AMC Robotics to Advance AI Robotics
Yahoo Finance· 2026-03-18 12:26
Core Insights - HIVE Digital Technologies Ltd is expanding its AI data center capacity significantly, increasing from 4 MW to 16.6 MW through a partnership with Bell Canada AI Fabric [1] - The company is transitioning from traditional Bitcoin mining to high-performance computing and AI workloads, converting its Swedish operations to a GPU cluster hub [2] - HIVE has formed a strategic collaboration with AMC Robotics to enhance AI-driven robotics and infrastructure [3] Group 1: Expansion and Capacity - HIVE is scaling its liquid-cooled AI data center capacity in Canada, with a new facility in British Columbia adding 5 MW and potential for an additional 7.6 MW [1] - The Manitoba site will maintain its 4 MW capacity with 504 GPUs already deployed, and HIVE plans to roll out 4,000 AI-optimized GPUs within six months [1] - The company targets $200 million in contracted annualized revenue by 2027 [1] Group 2: Strategic Shift - HIVE is winding down its ASIC-based Bitcoin mining operations in Sweden due to regulatory disputes and tax enforcement actions [2] - The Boden site is being converted into a Tier-III GPU cluster hub based on NVIDIA GB300 architecture, indicating a strategic pivot towards more stable GPU-driven revenue streams [2] - Despite experiencing negative free cash flow over the past year, HIVE emphasizes that no new capital expenditures are required for the expansion [2] Group 3: Partnerships and Collaborations - HIVE has announced a strategic collaboration with AMC Robotics to advance AI-driven robotics and scalable infrastructure [3] - AMC is utilizing HIVE's GPU cloud resources for development, testing, and deployment, focusing on AI optimization and data processing [3] Group 4: Sustainability - HIVE operates green-energy-powered data centers for Bitcoin mining and AI High-Performance Computing, recognized as a leader in sustainable digital infrastructure [4] - The company utilizes hydroelectric and geothermal power in Canada, Sweden, and Paraguay [4]