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HIVE has launched a $300 million offering plan to enhance its AI infrastructure layout.
GateNewsBot
BTC4,82%
Golden Finance reports that HIVE Digital Technologies has launched a stock sale plan worth up to $300 million at market price to enhance funding flexibility and accelerate its transition to the AI and high-performance computing sectors. The company recently purchased land in Canada to build a data center capable of housing over 25,000 GPUs, and its “dual-engine” model leverages Bitcoin mining revenue to drive computing power infrastructure expansion. The latest quarterly revenue surged 285% year-on-year, with Bitcoin production increasing by 77% quarter-on-quarter.
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