Benzinga | Jul 1, 2021 11:32AM EDT

HIVE Joins NVIDIA Partner Network and Grows Professional GPU Footprint with US$66 Million Purchase

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (NASDAQ:HVBT) (FSE:HBF) (the "Company" or "HIVE") is happy to announce that it has joined the NVIDIA Partner Network (the "NPN") Cloud Service Provider program and entered into purchase agreements for NVIDIA GPU's with a total contract value of more than US$66 million.

NVIDIA Partner Network

Joining the NPN program is a significant step towards HIVE's growth strategy and its future plans to expand into Enterprise Cloud services focused on High Performance Computing ("HPC") workloads. Acceptance into the NTN program provides the Company with access to NVIDIA's ecosystem, partners, customers and deep industry expertise. These benefits will enable HIVE to transition towards Enterprise Cloud seamlessly by leveraging NVIDIA's technical leadership.

Data Center Grade GPU Cards

HIVE has committed to purchase NVIDIA GPU's with a total contract value of over US$66 million. These cards will be delivered over the remaining months of calendar 2021 with deliveries arriving each month. "HIVE has always had the ability to change course when required since being the first blockchain company to go public in 2017", said Frank Holmes, Executive Chairman of HIVE. Frank continued, "Our investment in NVIDIA GPU's strengthens HIVE's to remain nimble and gives us the power to pivot in this ever changing and dynamic industry."