HIVE Digital Technologies, a cryptocurrency mining company, said its GPU cloud services business has secured contracts worth $180 million. The company linked the deal flow to its broader shift toward GPU cloud services, a strategy aimed at diversifying revenue and cutting reliance on the more volatile Bitcoin mining segment. The update was carried by Techub News, citing Crypto Briefing. The announcement points to HIVE’s effort to build a business mix that is less tied to swings in the crypto mining market while expanding its exposure to GPU-based cloud services. No additional contract details were disclosed in the source material.
HIVE Digital Technologies said its GPU cloud services business has secured contracts worth $180 million, according to Techub News, which cited Crypto Briefing.
The cryptocurrency mining company said the move is part of its strategic shift toward GPU cloud services. It is intended to diversify revenue sources and reduce the company’s dependence on the more volatile Bitcoin mining business.
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