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RETRANSMISSION: HIVE Digital Provides August 2023 Production and Reports Over 2.5x Growth in AI Compute Infrastructure
Vancouver, British Columbia--(Newsfile Corp. - September 7, 2023) - HIVE Digital Technologies Ltd...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"RETRANSMISSION: HIVE Digital Provides August 2023 Production and Reports Over 2.5x Growth in AI Compute InfrastructureVancouver, British Columbia--(Newsfile Corp. - September 7, 2023) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the \"Company\" or \"HIVE\") is pleased to announce the unaudited production figures from the Company's global Bitcoin operations for the month of August 2023, with 274 Bitcoin produced in August. The Company has maintained over 3.67 Exahash (\"EH/s\") of Bitcoin mining capacity on average for August 2023, including ASIC and GPU BTC hashrate (all amounts in US dollars, unless otherwise indicated).Summary Overview:HIVE produced 274 Bitcoin in the month of August, from ASIC and GPU mining operations, representing an average of 74.7 Bitcoin Per Exahash, with an average hashrate of 3.67 EH/s for the month of August 2023;HIVE produced an average of 8.8 BTC per day in August 2023;HIVE ended the month with 3.69 EH/s of mining capacity, including ASIC and GPU BTC hashrate.AI and HPC UpdateAydin Kilic, President & CEO of HIVE stated, \"We are thrilled to announce our order of high performance SuperMicro servers, which will further increase our AI compute infrastructure capacity by over 2.5 times.\" The Company notes it recently announced that its AI and HPC infrastructure compute tripled. Thus, this new order with SuperMicro, further increases the compute capacity by a factor of 2.5x. Once installed, these servers will provide the compute backbone to allow 2,400 of our Nvidia GPUs to perform AI and HPC compute, in addition to our 400 Nvidia GPUs which were part of our successful beta test earlier this year, where we realized $1 million of annual run rate revenue. The Company expects all these SuperMicro servers to be installed and operational by the end of October 2023. This is a major milestone towards our year-end target of realizing $15 million of annual run rate revenue from this growing phase of our business.\"\"Additionally, we are excited to announce the expansion of our AI and HPC infrastructure offering into North America, in addition to our current operations in Sweden. Our North American AI and HPC infrastructure will be based in Canada, and the first servers are expected to come online in September. HIVE is also excited to receive our enterprise grade networking equipme...