HIVE Eyes $45M a Year From AI Deal, But Nothing's Signed Yet
Bitcoin miner HIVE says its Boden facility could bring in $45 million annually from AI work, though the June letter of intent is still nonbinding.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- HIVE says its Boden facility could generate about $45 million in annual revenue from an AI deal.
- The agreement rests on a June letter of intent, which isn't binding.
- Executives are still negotiating financing and customer protections.
- The project shows miners continuing to look beyond bitcoin for revenue.
HIVE, the bitcoin miner, says its Boden facility could pull in $45 million a year from an AI deal. Big number. But the deal isn't done.
What we know
Everything hangs on a letter of intent signed in June. It's nonbinding, which means either side can still walk away. Executives are working through two open items: how the project gets financed, and what protections the customer gets.
That's the full list of details. In the material I've seen, no final contract terms have been disclosed, and there's no confirmed timeline for a signed agreement.
The bigger pattern
Miners have been eyeing AI and high-performance computing as a second income stream for a while now. The pitch is easy to follow: they already have the power, the buildings and the cooling, and those are the scarce things AI customers want. Hosting that kind of work can mean steadier revenue than mining, where income swings with bitcoin's price and network difficulty.
Why it matters
If you hold or trade mining stocks, $45 million sounds lovely. A nonbinding letter, though, isn't revenue. Watch for a definitive agreement, and watch how the financing is structured, because debt or heavy upfront spending could eat into the benefit. For bitcoin itself, the trend matters more than this one deal: if miners shift capacity toward AI, that could change how much computing power they point at the network. For now, HIVE has an opportunity, not a contract.
Source: Decrypt
Top Crypto Casinos Right Now
🇺🇸 Showing sites that accept players from United States Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
More info Less info
Why we chose it: A US-facing book that pays a premium for crypto deposits: 125% against 100% for cash, with fee-free deposits across five coins.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: BetNow's casino floor with the biggest match bonus we list. The 200% headline deserves a careful read of the code terms behind it.
- Payout time
- Within 24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Afghanistan, Bulgaria, Central African Republic, Congo - Brazzaville, Eritrea, France, Guinea-Bissau and 16 more.
More info Less info
Why we chose it: A US-oriented casino that turns away only New Jersey. The cashier takes crypto, but the site publishes fewer specifics than any operator we list.
- KYC
- Required
Restricted countries: New Jersey (US).
Priya Nair
Priya covers the AI side of crypto — agent tokens, decentralised compute and where the two industries actually meet.
