Crypto companies

Companies that once serviced the boom in cryptocurrency mining are pivoting to take advantage of the latest data gold rush.

Canadian company Hive Blockchain changed its name in July to Hive Digital Technologies and announced it was pivoting to AI.

“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,” the company said in its announcement at the time.

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