Wu Blockchain (@WuBlockchain): HIVE Executive Chairman: GPUs for AI Compute Earn 10x as Much per Hour as Mining Rigs
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HIVE Executive Chairman: GPUs for AI Compute Earn 10x as Much per Hour as Mining Rigs Frank Holmes @bulldogholmes , Executive Chairman of HIVE Digital Technologies, one of the world’s leading publicly listed Bitcoin mining companies, said during TheStreet Roundtable on July 29 that the company is accelerating the expansion of its AI computing business. HIVE expects AI’s share of revenue to rise from around 10% to more than 50% this year. Holmes said ASIC mining machines generate approximately $0.12 to $0.14 per hour, while an H100 GPU can generate close to $2 per hour. Even older GPUs can earn about $1.40 per hour, roughly 10 times as much as mining machines.