HIVE Digital, a mining company, surged over 22%, with its deployment of an A40 GPU cluster approaching H100 levels in certain scenarios

**June 23** Bitget Market Data shows shares of HIVE Digital Technologies, a Bitcoin mining firm, surged over 22% intraday on Monday, with market sentiment shifting firmly bullish. The key catalyst for the rally is an AI research study from Columbia University that validated the performance of HIVE’s GPU cluster in Paraguay. The study found that HIVE’s Nvidia A40 GPU cluster—after software optimization—delivered performance on par with Nvidia’s H100 in specific large-scale model training tasks, and stood out in a pre-training job using roughly 1.4 billion parameters. Notably, the New York-based research team led the experiment, but all actual computing work was completed in Asunción, Paraguay, more than 5,000 miles away. This setup proved remote intercontinental iterative training is a viable model. HIVE reps stated the results confirm its “geographically distributed computing power architecture” is feasible, and back the company’s strategy to build AI computing infrastructure in regions with low-cost electricity. Executives added this proves high-performance computing isn’t limited by geography, accelerating HIVE’s pivot away from Bitcoin mining toward AI computing infrastructure. Separately, HIVE is advancing plans for its high-performance computing park in Yguazú, Paraguay. The project includes a 100MW substation and a planned Tier III data center, expected to launch in the second half of 2027.