**Hive Digital Shifts from Crypto Mining to AI, Boosts Revenue**

When Ethereum switched to proof-of-stake in 2022, Hive Digital had to rethink its strategy. The crypto miner pivoted to artificial intelligence, repurposing its $66 million worth of Nvidia GPUs for AI tasks. This shift is paying off, with AI workloads generating up to $1 per hour, compared to just $0.12 from crypto mining.

Hive's upcoming Nvidia H100 chips could push earnings to $2.50 per hour. The company is upgrading data centers in Canada and Sweden to handle the increased demand. Additionally, Hive plans to build a 100-megawatt mining site in Paraguay, aiming to double its mining hashrate.

Despite the AI focus, Bitcoin remains crucial. Hive's strategy is to maximize ROI on mining hardware, maintaining profitable margins and funding growth without diluting shareholders. The firm aims to capture 2-3% of the global Bitcoin network, emphasizing green energy for future value.