HIVE Targets $45M Annual Revenue From AI Project at Boden Site
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin miner HIVE says an AI-focused project at its Boden facility could generate about $45 million in annual revenue.
Bitcoin mining company HIVE is exploring an artificial intelligence project at its Boden facility that it estimates could bring in roughly $45 million per year.
The plan stems from a letter of intent signed in June, but the agreement remains nonbinding and has not yet become a definitive commercial contract.
HIVE executives are still negotiating key terms, including financing arrangements and protections related to the prospective customer, leaving the project's final structure and timing uncertain.
Source: Decrypt
