Hive shoots up 10% thanks to a $220 million AI deal with the Canadian government
- Hive Blockchain has signed a GPU cloud computing contract with Bell and Cohere, worth $220 million from the Canadian government's AI infrastructure investment fund.
- This deal marks a clear strategic pivot for Hive, moving from Bitcoin mining to providing high-performance computing power for AI.
- Hive's stock jumped 10% right after the announcement, reflecting positive market sentiment.
- This move indicates a trend where crypto mining companies are seeking opportunities in the AI sector to diversify their revenue streams.
$btc $eth #btc #eth
#vlikevn #Titanbot
Source: CoinDesk
- Hive Blockchain has signed a GPU cloud computing contract with Bell and Cohere, worth $220 million from the Canadian government's AI infrastructure investment fund.
- This deal marks a clear strategic pivot for Hive, moving from Bitcoin mining to providing high-performance computing power for AI.
- Hive's stock jumped 10% right after the announcement, reflecting positive market sentiment.
- This move indicates a trend where crypto mining companies are seeking opportunities in the AI sector to diversify their revenue streams.
$btc $eth #btc #eth
#vlikevn #Titanbot
Source: CoinDesk