HIVE Digital spends $30 million to deploy H100 and H200 GPU clusters in Quebec

PANews reported on December 24 that according to an announcement released by HIVE Digital Technologies, the company has invested US$30 million in purchasing and deploying NVIDIA H100 and H200 GPU clusters to support the rapidly growing demand for artificial intelligence. These high-performance computing (HPC) clusters will be deployed in Quebec, Canada, and will be powered entirely by renewable energy.

Deployment details:

• H100 cluster : Contains 248 GPUs, will be online before the end of 2024, and is expected to bring in approximately US$15 million in annual revenue.

• H200 cluster : Contains 508 GPUs. It is expected to be installed in the first quarter of 2025 and officially launched in the second quarter of 2025. Annual revenue is expected to exceed US$20 million.