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📰 【Cryptocurrency Mining Company HIVE Targets $75 Million in Funding to Support AI Business Expansion】
HIVE Digital plans to raise $75 million through the issuance of exchangeable notes to fund data center and artificial intelligence (AI) infrastructure development. This move comes as the company expands from cryptocurrency mining into high-performance computing.
HIVE's move really shows that "mining is not as good as selling shovels." $HIVE Now, as soon as the mining machines start, they turn around and go all-in on AI computing power leasing. This transition speed is faster than Tesla's price cuts. But retail investors, wake up—these stories of listed companies raising funds and expanding production, in a bull market, are called laying out the future; in a bear market, they’re just cutting leeks to survive. Look at the stock prices of those AI computing power stocks—aren't they all just hype that ends in a pile of trash after the concept is played out? 👇👇👇👇👇