HIVE shares rise after Paraguay AI pilot resets bitcoin miner outlook
HIVE Digital Technologies shares surged Monday as the company said Columbia University researchers had validated its Paraguay GPU cluster for AI research. The news gave another sign of HIVE’s move into high-performance computing. HIVE was at $5.12 on Nasdaq, up around 20% from its previous close. More than 54 million shares changed hands during the session. HIVE wants to show its mining sites can bring in more value running AI compute than just mining bitcoin. The company said researchers in New York completed training runs using GPUs stationed over 5,000 miles away in Asunción. HIVE called the test an early example of cross-border AI work that doesn't have to happen in Northern Virginia, Silicon Valley or Toronto.