Crypto Miner Hive Drops ‘Blockchain’ From Name in Pivot to AI
- Company’s shift follows headwinds in crypto-mining industry
- Hive will branch out into rental of GPU server clusters
A technician inspects bitcoin mining rigs in Saint Hyacinthe, Quebec.
Photographer: Lars Hagberg/AFP/Getty ImagesThis article is for subscribers only.
The crypto-mining company formerly known as Hive Blockchain Technologies is pivoting to artificial intelligence and web3, and has changed its name accordingly.
The Vancouver-based miner has dropped the “blockchain” marker and said that its new branding as Hive Digital Technologies is intended to reflect “its mission to drive advancements” in AI applications like ChatGPT, and to “support the new web3 ecosystem.”