Blockchain
HIVE Digital Technologies Debuts New Name and Strategic Expansion to Power the Future of Artificial Intelligence with our Nvidia GPU Cards
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 10, 2023, to its short form base shelf prospectus dated May 1, 2023.
Vancouver, British Columbia–(Newsfile Corp. – July 12, 2023) – HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBFA.F) (the “Company” or “HIVE”), a global leader in data center technology and sourcing green energy, today officially becomes HIVE Digital Technologies Ltd. to better represent the company’s evolving focus on the revenue opportunities with our Nvidia Graphics Processing Unit (GPU) cards in Cloud compute technology, and its mission to drive advancements in Artificial Intelligence (AI) applications such as ChatGPT, to support the new Web3 ecosystem.
HIVE has been a pioneering force in the cryptocurrency mining sector since 2017. The adoption of a new name signals a significant strategic shift to harness the potential of GPU Cloud compute technology, a vital tool in the world of AI, machine learning, and advanced data analysis, allowing us to expand our revenue channels with our Nvidia GPU fleet.
HIVE, while maintaining a strong presence in Bitcoin mining, intends to utilize its robust 38,000 Nvidia GPU fleet for computational tasks on a massive scale. In addition, the Company plans to branch out into the rental of GPU server clusters via marketplaces and the development of its new service, HIVE Cloud. This cloud service will empower users with access to a virtual instance of a single GPU, a bare-metal server equipped with up to 10 GPUs, or even clusters of multiple servers to provide an array of computing power. HIVE Cloud aims to provide small and medium-sized businesses with an efficient and cost-effective alternative with substantial savings from the major cloud service providers.
“Our name change and strategic pivot indicates our progressive trajectory as a company. High performance computing, driven in large part by GPU processing power, is growing incredibly fast today thanks to this impressive new generation of consumer and enterprise AI tools. Training these tools, from ChatGPT to Midjourney, require high-end GPU compute. As businesses adapt to the new AI world, we believe they will seek companies like HIVE to develop their own AI tools, to give them a competitive edge in this new era of digital information. HIVE Cloud will aim to provide AI compute for enterprises where privacy and ownership of data are key considerations. We are seeing the world’s GPU computing demands being best served by Nvidia data-centre grade GPUs, as they feature the unique Tensor Core and Ray Tracing (RT) Core architecture, which are included in our fleet. HIVE purchased Nvidia GPUs with these features that go above and beyond the computing requirements for mining Ethereum. Additionally, we have partnered with SuperMicro, to provide the CPU computing power and storage, to complement our Nvidia GPUs. Our initial order of SuperMicro servers are expected to arrive in the next month, and the Company expects to have additional deliveries announced throughout the year,” expressed Aydin Kilic, President & CEO.
Mr. Kilic continued, “As we expand our GPU Cloud business, we require a strategy that better reflects both sides of our business. We build infrastructure for emerging digital tech, not just blockchain, and we intend to utilize our large fleet of GPUs to grow a cloud hosting business. We believe AI and machine learning are going to drive significant demand for GPU compute going forward.”
The Company’s decision to focus on GPUs and AI technology is informed by the growing importance of GPUs in advancing AI technology. GPUs are an essential element in the progression of AI technology, and notably Nvidia Tensor Cores enable mixed-precision computing, dynamically adapting calculations to accelerate throughput while preserving accuracy. Their capacity to perform multiple calculations simultaneously positions them as key players in the development of more intricate and refined AI systems. Tensor Cores enabled Nvidia to win MLPerf industry-wide benchmark for inference.1 As the AI sector continues to grow, HIVE anticipates that the need for efficient and powerful GPUs will correspondingly expand.
Executive Chairman Frank Holmes stated, “ChatGPT is among the fastest-growing tech products of all time, and we think the underlying technology, large language models (LLMs), is proving to be highly disruptive having attracted 100 million users in only 2 months. The training and fine-tuning of these LLMs are powered by GPUs. We believe the demand from GPU computing with our Nvidia GPU cards has a potential for a high-margin business with annual revenues in the range over $100,000,000.”
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/173198
In an era defined by rapid innovation and regulatory shifts, today’s blockchain briefing spotlights five pivotal developments: enterprise-grade data integration, municipal crypto pilots, state-level policy hearings, AI-powered token growth, and secure communications on a public ledger. Across these stories, three key trends emerge:
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Enterprise Adoption & Data Integration
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Government Experimentation & Oversight
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AI & Security Innovations in Crypto
Below, we dissect each story’s essence, unpack its broader implications, and offer opinion-driven insight for Web3 stakeholders.
1. Space and Time Joins Forces with Microsoft Fabric
Source: Chainwire / The Defiant
On May 20, 2025, Space and Time Labs (SXT)—a zero-knowledge data platform backed by Microsoft’s M12 Ventures—announced integration of its multichain index (Bitcoin, Sui, Ethereum) into Microsoft Fabric’s OneLake environment. This partnership delivers real-time, verifiable blockchain data directly within Azure, enabling developers and enterprises to build data-driven Web3 and AI applications without custom pipelines.
Opinion: Embedding verifiable on-chain data into mainstream analytics tools marks a watershed moment. As traditional enterprises crave decentralized insights, Fabric’s native access to SXT’s ZK-proven data could accelerate blockchain analytics, foster hybrid cloud-Web3 solutions, and reduce vendor lock-in. Expect more legacy tech giants to pursue similar alliances.
2. New York City Eyes Crypto for Taxes & Records
Source: DL News
Mayor Eric Adams revealed plans to form a Digital Assets Advisory Council to explore crypto-based payments for municipal services, including taxes, birth/death certificates, and land records. While specifics remain under wraps, Adams highlighted zero-knowledge proofs as a privacy-preserving tool for public documentation on distributed ledgers.
Opinion: New York’s initiative signals growing municipal appetite for blockchain beyond investments. By potentially accepting tax payments in crypto and securing vital records on-chain, NYC could pioneer use cases that blend transparency with privacy. However, pilot programs must rigorously address volatility, regulatory compliance, and digital inclusion to avoid disenfranchising underserved communities.
3. Wyoming Committee Explores Blockchain, AI & Right-to-Repair
Source: Wyoming Public Media
During its first interim meeting (May 14–15, Jackson Hole), Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation reviewed the state’s proposed Wyoming Stable Token—tethered 1:1 to USD—and examined AI governance and right-to-repair legislation. The Stable Token Commission anticipates a July 4 alpha launch, while lawmakers debated CBDC distinctions, tokenized real-world assets, and consumer repair rights.
Opinion: Wyoming continues to cement its reputation as a blockchain haven. Explicit carve-outs distinguishing stablecoins from CBDCs, coupled with regulatory sandboxes for AI and repair laws, underscore a holistic approach to innovation. Other states should monitor Wyoming’s alpha testing outcomes to inform balanced policy frameworks that nurture Web3 while safeguarding consumer interests.
4. AI Tokens Surge in Crypto’s New Tango
Source: The Economic Times
Himanshi Lohchab reports that AI-centric utility tokens—built to autonomously execute services like compute renting (Render), predictive analytics (SingularityNET), and data marketplaces (Ocean Protocol)—have seen market caps soar from $2.7 billion to nearly $30 billion within a year. Key players include Near Protocol’s AI modules, ICP, The Graph, and emerging AI agents that generate revenue per usage. Institutional interest from Grayscale, BlackRock, and Fidelity further validates the trend.
Opinion: The AI-blockchain convergence is no fleeting fad. AI tokens promise programmable revenue streams and decentralized toolchains, but they also introduce autonomous risk vectors—buggy smart contracts, accountability gaps, and regulatory ambiguity. Security audits, standardized interoperability protocols, and clear legal frameworks will be crucial to sustain investor confidence.
5. BSV Association Selects Binarii Labs for Secure Communications
Source: CoinGeek (via PRNewswire)
The BSV Association has designated Binarii Labs to implement BinariiDSM, an encrypted file exchange and messaging suite that logs proofs of record on the BSV blockchain. This integration ensures immutable audit trails, data resilience, and end-to-end confidentiality for enterprises seeking verifiable trust without centralized intermediaries.
Opinion: As data privacy regulations tighten globally, blockchain-anchored communication platforms like BinariiDSM offer a compelling alternative to legacy VPNs and secure email. By immutably recording metadata on-chain, organizations can demonstrate compliance, simplify audits, and deter insider threats. Look for BSV’s secure-messaging model to inspire similar offerings on other smart-contract platforms.
Conclusion: Navigating a Dynamic Blockchain Frontier
Today’s stories reaffirm that blockchain is no longer an experimental niche—it’s permeating analytics, public services, legislative agendas, tokenomics, and secure communications. To thrive:
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Forge Strategic Alliances: Enterprises should partner with ZK and data-fabric innovators to embed blockchain insights into their analytics stacks.
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Pilot Pragmatically: Municipalities must balance visionary crypto use cases with compliance, volatility management, and equitable access.
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Craft Balanced Policy: States can emulate Wyoming’s sandbox approach—distinguishing stablecoins from CBDCs, while addressing AI and repair rights.
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Secure the Autonomous Agent Era: As AI tokens multiply, enforce rigorous security audits and interoperability standards.
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Leverage On-Chain Trust: Consider blockchain-anchored communications for immutable audit trails and enhanced data resilience.
By embracing these actions, organizations and policymakers can harness blockchain’s transformative power while mitigating emerging risks.
The post Blocks & Headlines: Today in Blockchain – May 21, 2025 appeared first on News, Events, Advertising Options.
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