HIVE Exceeds $1 Million Daily Revenue from Bitcoin Mining and AI Cloud Services
Digital Technologies (Nasdaq: HIVE) has surpassed $1 million in daily revenue for the first time, combining income from Bitcoin mining and GPU cloud services. This milestone was achieved on August 21 based on preliminary estimates. The company produces an average of about 12 Bitcoin per day, representing roughly 2% of global Bitcoin network production. Additionally, its subsidiary BUZZ HPC generates approximately $100,000 in daily revenue from GPU cloud services. BUZZ HPC has secured over $600 million in total contract value for GPU cloud deals and maintains a demand pipeline exceeding $1 billion. The company is also shifting focus by planning to wind down Bitcoin mining operations at its Swedish facilities, which contributed less than 5% of global daily revenue last month. HIVE aims to repurpose the infrastructure from Sweden into higher-value AI applications as it reallocates energy resources toward long-term growth in contracted cloud computing.
Tickers: $HIVE
Topics: Bitcoin GPU cloud services HIVE Digital Technologies mining revenue