Crypto Miner Hive Drops ‘Blockchain’ Brand in AI Pivot (Correct)

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.”

Hive intends to use its existing fleet of Nvidia graphics processing units “for computational tasks on a massive scale,” according to a July 12 filing with the US Securities and Exchange Commission.

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