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Models & ResearchAI AgentsAI DevelopmentInfrastructure & HardwareImage, Video & AudioRobotics & Autonomous SystemsBusiness & IndustryPolicy & RegulationSafety & SecurityBenchmarks & EvaluationOpen Source & CommunityAI in Society
Robotics & Autonomous SystemsBusiness & IndustryPolicy & RegulationSafety & SecurityBenchmarks & EvaluationOpen Source & CommunityAI in Society

10 NovBusiness & Industrywww.theblock.co

HIVE reports $79 million quarterly net loss as bitcoin mining revenue falls and AI business grows

AIAI-generated summary HIVE reported a net loss of $78.7 million in its fiscal second quarter while its BUZZ High Performance Computing business generated $8.8 million in revenue. CEO Aydin Kilic stated that the company secured financing for GPU purchases and aims to reach $200 million in GPU cloud annualized run-rate revenue.

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