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HIVE Digital Applied sciences Ltd., beforehand generally known as HIVE Blockchain, has introduced that together with its renaming, the corporate will probably be specializing in income alternatives with its Nvidia graphics processing unit (GPU) playing cards in cloud compute expertise.
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 line 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 outfitted with as much as 10 GPUs, and even clusters of a number of servers to offer 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 as we speak’s AI-driven world. Kilic acknowledged, “Coaching these instruments, from ChatGPT to Midjourney, require high-end GPU compute. As companies adapt to the brand new AI world, we imagine they are going to search firms like HIVE to develop their very own AI instruments.”
Govt Chairman Frank Holmes expressed optimism concerning 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 acknowledged 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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