According to news from Deep Tide TechFlow, on December 24, HIVE Digital Technologies (NASDAQ: HIVE) announced the deployment of a new batch of NVIDIA GPU clusters in Quebec. The total investment in the project is $30 million, including 248 H100 GPUs (32 nodes) and 508 H200 GPUs (64 nodes).
The H100 cluster is expected to be operational by the end of 2024, with projected annualized revenue from the HPC business reaching $15 million next quarter; the H200 cluster is scheduled to arrive in January 2025, with deployment planned for completion in the second quarter of 2025, expecting annualized revenue exceeding $20 million. HIVE Executive Chairman Frank Holmes stated that the revenue potential of the 10 MW HPC NVIDIA chip service for AI demand is equivalent to the income from 100 MW of Bitcoin mining.