HIVE Digital Technologies announced a $30 million investment to acquire and deploy two advanced NVIDIA GPU clusters in Quebec, significantly expanding its high-performance computing (HPC) and artificial intelligence (AI) capabilities. This investment reinforces HIVE's commitment to driving digital transformation and leveraging 100% renewable energy for its operations.
The first cluster, an NVIDIA H100, consists of 248 GPUs arranged in 32 nodes interconnected with Infiniband. This cluster has arrived in Quebec, has been fully configured, and is expected to be operational before the end of 2024, projected to generate approximately $15 million in annualized run-rate revenue for its HPC business in the following quarter.
The second cluster, an NVIDIA H200, comprises 508 GPUs organized in 64 nodes, also connected with Infiniband. This cluster has shipped and is expected to arrive in early January 2025, with deployment scheduled for the first quarter of 2025. Anticipated revenues from the H200 cluster are projected to exceed $20 million annually by the second quarter of 2025, building on the HPC business's approximately $10 million annualized run-rate revenue achieved in October and November 2024.
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