HIVE Blockchain has officially changed its name to HIVE Digital Technologies, with a renewed focus on the AI industry.

BlockBeats reported on July 13th that HIVE Blockchain, a former crypto mining company, has officially changed its name to HIVE Digital Technologies and shifted its focus to cloud computing and artificial intelligence (AI). HIVE expects that with the continued development of the AI field, there will be a corresponding increase in demand for efficient and powerful GPUs. Executive Chairman Frank Holmes stated that they believe the demand for GPU computing using Nvidia GPU cards could bring high-profit business, with an estimated annual revenue exceeding $100 million.