Infrastructure
HIVE Digital secures $129M loan to build Cohere AI cluster
Crypto Briefing·October 28, 2026·1 min read
HIVE Digital has secured a $129M loan to build a Cohere AI cluster. This strategic pivot to AI infrastructure could enhance its market position, but hinges on Cohere's contract performance to mitigate financial risks. The investment signals a shift from crypto mining to AI services.
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