HIVE, Keel push deeper into AI data centers with capital raise, asset sale
CoinDesk·4h ago·Neutral
What Happened
Cryptocurrency mining firms HIVE Digital and Keel Infrastructure are pivoting toward AI infrastructure. HIVE raised $115 million via convertible notes for GPU capacity and data centers across Canada, Sweden, and Paraguay. Keel sold its Paraguay mining site for $13 million to fund AI and high-performance computing expansion in North America, exiting Latin America.
Key Entities
HIVE DigitalKeel InfrastructureAI data centersGPU capacity$115 millionParaguayBitcoin mining