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The cryptocurrency mining firm Hive Digital Applied sciences revealed plans to increase its international presence by a brand new acquisition of property and a knowledge heart in Boden, Sweden.
On Nov. 27, the corporate announced 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 mission.
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 can 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 vitality effectivity with its latest “inexperienced” vitality powered knowledge heart.”
Hive owns and operates knowledge heart services in Canada, Sweden and Iceland and promotes the usage of inexperienced vitality to mine digital belongings reminiscent of BTC on the cloud.
Cointelegraph has reached out to Hive for extra info on the event.
Associated: Bitcoin ASIC manufacturer Bitmain pauses employee salary payments: Report
Earlier this 12 months, Hive dropped the word “blockchain” from its official identify 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 told Cointelegraph in an interview that the pivot towards AI doesn’t negate or reduce its involvement in Bitcoin and crypto mining. As a substitute, they stated the corporate continues to be closely concerned however that “blockchain and AI can actually co-exist” and stay “pillars of Web3.”
In September, Hive was one of many mining firms concerned in launching the Digital Power Network (DPN) – a coalition affiliated with the Chamber of Digital Commerce to emphasize the significance of proof-of-work (PoW) mining.
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