Crypto miner Hive Digital CEO sees AI working in unison with blockchain

Hive Blockchain, now named Hive Digital Technologies, is pivoting from crypto mining to focus on artificial intelligence (AI) and blockchain technology, seeing them as complementary pillars of Web3 development. The company believes that AI can enhance the user experience of Web3 by providing adaptive and intuitive features, and it sees AI playing a role in the development of metaverses and DAOs in the early stages of Web3. Hive Digital Technologies is still heavily involved in Bitcoin and crypto mining, with plans to increase its Bitcoin mining capacity by the end of the year.

cointelegraph.com

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8/21/2023

Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan

Bitcoin miners are expanding into new ventures, such as offering high performance computing services for artificial intelligence, in order to reduce their reliance on cryptocurrency, according to a research report by JPMorgan.

8/21/2023

BingX Announces Strategic Investment in AI and Web3 Startup Moonbox

BingX, a cryptocurrency exchange, has made a strategic investment in Moonbox, an AI and Web3 startup, to foster innovation in the blockchain ecosystem and advance the development of generative AI-powered NFTs and applications.

8/25/2023

Blockchain Tech and AI Will Have ‘Very Tight Coupling’: Marathon Digital CEO - Decrypt

Bitcoin mining company Marathon Digital Holdings is investing in the AI sector and aims to build applications on the Bitcoin blockchain, citing the blockchain's decentralized nature and resistance to censorship as ideal for storing data, according to CEO Fred Thiel, who also noted the tight coupling between blockchain and AI technologies. Marathon has recently expanded its mining operations to Abu Dhabi and plans to diversify further into international markets, particularly in Africa, Latin America, and Asia. The company is also increasing its Bitcoin holdings and intends to sell a portion of its holdings to support operations while continuing to add to its balance sheet.

9/6/2023

AI to reinvent DAOs while tokenized models will become valuable: VC firm

Artificial intelligence could bring true autonomy to decentralized autonomous organizations (DAOs) and tokenized AI models may become valuable assets on the blockchain, according to Vance Spencer, the co-founder of Framework Ventures. He also highlighted the potential of blockchain technology in decentralized computing marketplaces and auditing AI-provided information.

9/7/2023

AI and blockchain will 'reshape sectors' and create new markets from scratch — Moody's

Artificial intelligence (AI) and blockchain technologies are reaching a tipping point and are expected to disrupt industries, shrink established sectors, and create new markets, according to a report from Moody's Investors Service.

9/11/2023

ARK's Cathie Wood: Bitcoin and AI Adoption Set to Accelerate Rapidly

The convergence between Bitcoin and artificial intelligence is expected to lead to a rapid adoption of both technologies, according to ARK Invest CEO Cathie Wood, who believes they are entering the steep part of the S-curve, creating opportunities for explosive growth.

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Posted 8/22/2023, 12:26:30 AM

Crypto miner Hive Digital CEO sees AI working in unison with blockchain

cointelegraph.com

Relevant topic timeline:

8/21/2023

Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan

8/21/2023

BingX Announces Strategic Investment in AI and Web3 Startup Moonbox

8/25/2023

Blockchain Tech and AI Will Have ‘Very Tight Coupling’: Marathon Digital CEO - Decrypt

9/6/2023

AI to reinvent DAOs while tokenized models will become valuable: VC firm

9/7/2023

AI and blockchain will 'reshape sectors' and create new markets from scratch — Moody's

9/11/2023

ARK's Cathie Wood: Bitcoin and AI Adoption Set to Accelerate Rapidly