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DailyBubble News

HIVE Digital Technologies CEO Aydin Kilic discusses strategic growth in AI and crypto mining

HIVE Digital Technologies CEO Aydin Kilic recently shared insights on the company’s strategic growth in AI and crypto mining. Initially established as a publicly traded crypto mining company in 2017, HIVE started by mining Ethereum in Iceland before expanding to Sweden and Canada. After Ethereum’s transition, the company shifted its GPU resources to Bitcoin mining and later to AI computing, which proved to be profitable.

Kilic discussed the operational variances between the company’s rugged crypto mining facilities and high-performance tier-three data centers strategically located to utilize green energy sources like hydropower and geothermal energy. These centers focus on either AI computing or Bitcoin mining, each with significant revenue potential. HIVE also maintains efficiency in Bitcoin operations by leveraging market cycles to optimize investments and profit from price fluctuations.

The company’s financial health is robust, with a substantial Bitcoin treasury and minimal debt, providing stability amidst market volatility. Looking ahead, HIVE aims to expand its AI revenue significantly, with ambitious targets set for the upcoming quarters. The company is committed to leveraging both AI and Bitcoin mining for growth and investor value.

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