Crypto miner Hive Digital CEO sees AI working in unison with blockchain
Despite the competition between the two sectors, Hive Digital Technologies CEO Aydin Kilic said that blockchain and AI can work to the benefit of each other. Crypto mining firm Hive Blockchain sent a signal to the tech industry when it dropped “ blockchain ” from its namesake in July, opting to call itself Hive Digital Technologies and reflect its artificial intelligence foray. The decision is part of a wider movement from crypto miner s to pivot outside of digital currency mining, amid depressed crypto prices. January saw crypto mining firm Riot Blockchain rebrand to Riot Platforms while June saw crypto miner Applied Digital announce a $460 million deal to host AI cloud computing in its data center. Since ETH mining ended in September 2022, $HIVE has been transforming its fleet of 38,000 Nvidia GPUs from miner s into cloud infrastructure, marking the next stage of our evolution into a diversified data center operator. Read the latest HIVE Newsletter: https://t.co/raHqwMMalv pic.twit...