Coinspeaker
Crypto Mining Giant Hive Drops ‘Blockchain’ from Name in Pivot to AI
Popular crypto mining firm Hive Blockchain Technologies has recently decided to make a shift into the world of Web3 and AI. As a result, the company decided to drop ‘Blockchain’ from its name thereby becoming Hive Digital Technologies.
The Vancouver-based crypto miner said that this transition seeks to reflect “its mission to drive advancements” in AI applications like ChatGPT, and to “support the new web3 ecosystem”. Besides, the company also intends to use its Nvidia GPU fleet to power cloud technology underpinning AI tools.
Hive has been a strong player operating in the crypto-mining sector since 2017. The adoption of the new name hints at a strategic shift in harnessing the potential of GPU Cloud computing technology. HIVE, a company involved in Bitcoin mining, also wants to use its large fleet of 38,000 Nvidia GPUs for various computing tasks. They plan to rent out their GPU server clu
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