Bitcoin miner Hive Blockchain Technologies is changing its name to Hive Digital Technologies to reflect its focus on supporting the growth of artificial intelligence (AI). The rebranding decision is influenced by Hive’s use of Nvidia graphics processing unit (GPU) chips, which are essential in the world of AI, machine learning, and advanced data analysis. Hive aims to position itself as a provider of high-performance AI chips and data center operations. The company reported $106 million in revenue during its last fiscal year and intends to expand its high-performance computing business.

AI Sentiment: Positive