Bitcoin mining company HIVE is looking to generate $45 million in annual revenue from a potential AI deal. The revenue is expected to come from HIVE’s Boden facility if the deal is finalized.
A letter of intent (LOI) was signed in June; however, the deal is still nonbinding. HIVE executives are currently negotiating the financial terms and customer protections for the AI project.
HIVE is a Bitcoin mining company, and expanding into AI could open up a significant new revenue stream for the company.
Source: Decrypt
A letter of intent (LOI) was signed in June; however, the deal is still nonbinding. HIVE executives are currently negotiating the financial terms and customer protections for the AI project.
HIVE is a Bitcoin mining company, and expanding into AI could open up a significant new revenue stream for the company.
Source: Decrypt