Hive Digital Technologies Invests 30 Million in NVIDIA H100, H200 GPU Clusters for HPC Growth

Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to shared significant updates with Proactive, announcing the acquisition and deployment of NVIDIA H100 GPUs and the latest NVIDIA H200 GPUs. The company has invested $30 million into these cutting-edge supercomputing clusters, reinforcing its position as a leader in high-performance computing (HPC) and artificial intelligence (AI).

The NVIDIA H200 cluster, consisting of 508 GPUs across 64 nodes connected via Infiniband, has been shipped and is set to arrive in Quebec in early January 2025. Deployment and customer access are planned for Q1 2025, leveraging Quebec’s 100% renewable energy infrastructure to align with Hive’s sustainability mission.

Holmes emphasized that the new supercomputing clusters will unlock significant revenue opportunities, enabling Hive to meet the growing global demand for AI computing power. The company projects an annualized run-rate revenue of over $20 million by Q2 2025 from its HPC services, focusing on high-margin applications such as AI model training and cloud computing services.

This strategic expansion highlights Hive’s pivot toward diversifying its operations to capitalize on the booming AI market while continuing its Bitcoin mining activities. Holmes noted, "Our investments underscore our commitment to sustainability, innovation, and positioning Hive as a key player in the gig economy and digital transformation."

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