A publicly traded company focused on blockchain infrastructure, now strategically expanding into artificial intelligence computing services.
HIVE Blockchain is set to significantly expand its AI operations after securing a substantial $220 million contract. This deal with Bell and Cohere promises approximately $70 million in annual recurring revenue, marking a pivotal moment for the company's growth in the AI sector.
Hive Blockchain's stock surged 10% following a significant $220 million deal to provide AI infrastructure for Bell and Cohere, marking a major strategic shift from bitcoin mining to high-performance computing.
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