The cryptocurrency mining firm Hive Digital Applied sciences revealed plans to broaden its world presence by a brand new acquisition of property and a knowledge 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 a knowledge heart beforehand constructed as part of the EU Horizon 2020 venture.
Hive stated this new property is in “shut neighborhood” to its current knowledge heart in Sweden and it plans to additional develop the power in its portfolio. It says the property will even home its incoming technology ASIC servers and enhance its Bitcoin (BTC) manufacturing.
Johanna Thornblad, Hive’s nation president for Sweden, stated 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 accountability, and power effectivity with its latest “inexperienced” power powered knowledge heart.”
Hive owns and operates knowledge heart amenities in Canada, Sweden and Iceland and promotes the usage of inexperienced power to mine digital belongings comparable to BTC on the cloud.
Cointelegraph has reached out to Hive for extra data on the event.
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Earlier this 12 months, Hive dropped the phrase “blockchain” from its official title to replicate its “evolving focus” on monetary alternatives in AI, cloud computing and GPUs.
The corporate then stated 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 stated the corporate remains to be closely concerned however that “blockchain and AI can definitely co-exist” and stay “pillars of Web3.”
In September, Hive was one of many mining corporations 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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