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金融引擎

06/23 00:00

HIVE Stock Soars 25% on Breakthrough AI Training Project in Paraguay

🚀 $HIVE surged nearly 25% on Monday, pushing its share price above $5.20 and reaching its highest level in more than seven months.

The jump came after researchers from Columbia University used HIVE's computers in Paraguay to train AI models from New York. Their work showed that AI training can be done effectively even when the researchers and the computing power are located in different countries.

The study also found that HIVE's Nvidia A40 GPUs performed surprisingly well for some AI tasks, despite not being the newest chips available.

HIVE has been expanding beyond Bitcoin mining and is becoming a major AI infrastructure company. It currently operates about 300 megawatts of hydro powered facilities in Paraguay, with more capacity being built.

The company recently announced a $220 million AI cloud deal with Bell Canada and Cohere, which is expected to bring in about $70 million in yearly revenue.

Investors are increasingly seeing HIVE as more than a crypto mining company. The market is starting to recognize its growing role in the AI industry.
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