HIVE Digital Aims for $250 Million in AI Revenue This Year
HIVE Digital (HIVE) is targeting $250 million in AI-related revenue this year, driven by its AI cloud business powered by NVIDIA GPUs. The company has scaled its AI operations from $1 million to $35 million in annual revenue since 2023 and is expanding its liquid-cooled data centers in partnership with Bell Canada. The growth is supported by strategic partnerships and the increasing demand for AI infrastructure.
Topics: AI AI Infrastructure Data Centers NVIDIA Revenue Growth Strategic Partnerships