The cryptocurrency mining company HIVE Blockchain has been renamed HIVE Digital Technologies, shifting its focus to the AI sector

ChainCatcher news, the former cryptocurrency mining company HIVE Blockchain has officially changed its name to HIVE Digital Technologies, shifting its business focus to cloud computing technology and artificial intelligence (AI).

HIVE expects that as the AI field continues to develop, the demand for efficient and powerful GPUs will correspondingly increase. Executive Chairman Frank Holmes stated that they believe the demand for GPU computing using Nvidia GPU cards is expected to bring high-profit business, with annual revenue projected to exceed $100 million.

Previous news, HIVE Blockchain (NASDAQ: HIVE) announced a strategic rebranding plan, aiming to focus on artificial intelligence. (Source link)