Crypto miner HIVE Digital Technologies (NASDAQ: HIVE) has announced the deployment of a new batch of NVIDIA GPU clusters in Quebec. The project has a total investment of $30 million and includes 248 H100 GPUs (32 nodes) and 508 H200 GPUs (64 nodes). The H100 cluster will be put into operation by the end of 2024, and the annualized revenue of the HPC business is expected to reach $15 million in the next quarter; the H200 cluster will arrive in January 2025, and the deployment is planned to be completed in the second quarter of 2025. Annualized revenue is expected to exceed $20 million. Frank Holmes, executive chairperson of HIVE, said that the revenue potential of 10 MW of HPC NVIDIA chip service AI demand is equivalent to 100 MW of bitcoin mining revenue.