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HIVE Digital pivots from Bitcoin mining to AI data centers using hydro-powered infrastructure.

Market News
05 May 2026
Proactive Investors
View Source
Bullish
pluang ai news

HIVE Digital Technologies is transitioning from primarily Bitcoin mining to supporting AI workloads using its hydro-powered data centers in Canada, Sweden, and Paraguay. The company leverages its existing 440 MW capacity, initially built for crypto mining, to host high-performance computing for AI, aiming to generate higher revenue per megawatt. While Bitcoin mining remains a major revenue source, HIVE’s AI-focused BUZZ HPC business is rapidly growing, with $30 million in AI cloud contracts and plans to reach $225 million in HPC revenue by late 2026. This shift addresses the growing demand for power-intensive AI infrastructure amid supply constraints and geopolitical trends favoring local AI data control.

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