HIVE Digital, a mining company, surged over 22%, with its deployment of an A40 GPU cluster approaching H100 levels in certain scenarios

BlockBeats News, June 23rd, according to Bitget market data, the stock price of Bitcoin mining firm HIVE Digital Technologies surged on Monday, with an intraday gain of over 22%, as market sentiment shifted to "bullish." The primary catalyst for the surge came from an AI research study conducted by Columbia University, which validated the performance of the company's GPU cluster in Paraguay.

The research showed that the Nvidia A40 GPU cluster deployed by HIVE, after software optimization, achieved performance comparable to the Nvidia H100 in specific large-scale model training tasks, especially excelling in a pre-training task with around 1.4 billion parameters.

It was disclosed that the experiment was conducted by a research team in New York, while the actual computation took place in Asunción, Paraguay, over 5000 miles away, demonstrating remote intercontinental iterative training.

On the HIVE side, it was stated that this result validated the feasibility of a "geographically distributed computing power architecture" and supported its strategic initiative to build AI computing infrastructure in low-cost electricity regions.
Company executives mentioned that the research proved that high-performance computing is no longer constrained by geography, strengthening their path shift from Bitcoin mining to AI computing infrastructure.

Meanwhile, HIVE is advancing its plans for the high-performance computing park in Yguazú, Paraguay, including a 100MW substation and a subsequent Tier III data center, expected to be operational in the second half of 2027.