The cryptocurrency mining firm Hive Digital Applied sciences revealed plans to develop its world presence by a brand new acquisition of property and an information heart in Boden, Sweden.
On Nov. 27, the corporate introduced that it is entered a property switch settlement with Turis AB to take over the property of an information heart beforehand constructed as part of the EU Horizon 2020 venture.
Hive mentioned this new property is in “shut neighborhood” to its present knowledge heart in Sweden and it plans to additional develop the power in its portfolio. It says the property may even home its incoming era ASIC servers and enhance its Bitcoin (BTC) manufacturing.
Johanna Thornblad, Hive’s nation president for Sweden, mentioned that
“The brand new knowledge heart will allow HIVE to develop its regional footprint whereas additional demonstrating its dedication to its ESG focus, sustainable practices, environmental duty, and vitality effectivity with its latest “inexperienced” vitality powered knowledge heart.”
Hive owns and operates knowledge heart services in Canada, Sweden and Iceland and promotes the usage of inexperienced vitality to mine digital belongings similar to BTC on the cloud.
Cointelegraph has reached out to Hive for extra info on the event.
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Earlier this 12 months, Hive dropped the phrase “blockchain” from its official identify to mirror its “evolving focus” on monetary alternatives in AI, cloud computing and GPUs.
The corporate then mentioned it plans to make use of its 38,000 Nvidia GPUs to supply small and medium-sized companies a extra environment friendly different to main cloud service suppliers.
The CEO of Hive, Aydin Kilic, and Chairman Frank Holmes informed Cointelegraph in an interview that the pivot towards AI doesn’t negate or reduce its involvement in Bitcoin and crypto mining. As an alternative, they mentioned the corporate continues to be closely concerned however that “blockchain and AI can actually co-exist” and stay “pillars of Web3.”
In September, Hive was one of many mining firms concerned in launching the Digital Energy Community (DPN) – a coalition affiliated with the Chamber of Digital Commerce to emphasize the significance of proof-of-work (PoW) mining.
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