Hive Digital Technologies aims to grow GPU card revenues to $100M annually

07/15 14:55

Hive Digital Technologies aims to increase its revenues from graphics processing unit (GPU) card capabilities to $100 million annually and is in talks with companies and marketplaces to capitalize on its machines. The Vancouver-based firm, previously one of the largest publicly traded miners of ether, has a fleet of 38,000 Nvidia GPU cards, which it presents as a new revenue source. Hive hopes to list the GPUs for rent on a marketplace or work with companies that might need weeks or months of processing power for rendering or other tasks. The company's purchase of $6 million of SuperMicro servers, holding 10 GPUs and featuring 7.6 terabytes of storage, are set to arrive in the next month and will initially run out of Hive's datacenter in Sweden.
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