Mr. Frank Holmes reports

HIVE DIGITAL IS NOW A NVIDIA CSP PARTNER AND ANNOUNCES GPU GRANTS FOR OPEN-SOURCE AI DEVELOPERS

A new GPU grant program is available for artificial intelligence developers:

• Hive Digital Technologies Ltd. is giving away 10,000 A40 hours on a Supermicro server with 10 times Nvidia A40-48GB GPUs (estimated value: $10,000).
• Hive Digital believes the open-source AI movement plays a crucial role in advancing this space and will only grow in importance going forward.
• Developers can submit their project for consideration.
• Hive Digital is expanding its GPU footprint, is in the Nvidia partner network and is compliant as a cloud service provider (CSP).

Hive Digital executive chairman Frank Holmes commented: "This contest is our way of supporting the AI community. We want to better understand what AI developers need from their cloud providers. At the same time, we get to support very promising open-source projects. It's a win-win."

Aydin Kilic, Hive Digital president and chief executive officer, added: "We're committed to advancing the capabilities of open-source AI. Llama 2 by Meta is a great example of an open-source large language model. In addition to growing the revenue from our GPU infrastructure, we are also running Llama 2 on a Hive GPU node for research purposes. The landscape has changed since Llama 2 outpaced GPT 3.5 Turbo, and we're now seeing a surge in efforts to optimize open-source models. Hive is committed to fostering this trend and is evaluating options to expand our grant program to back more teams in setting new records."

Mr. Kilic continued: "We extend an open invitation to AI developers worldwide, aiming for unprecedented model performance to apply today. Whether you're enhancing an existing model with fresh data or exploring innovative architectural designs, we want you on board. Our aim is to collaborate with talented individuals who have ambitious ideas but may lack the necessary resources. Assisting the growth of noteworthy open-source projects will be an invaluable experience for our team."

Hive Digital is now compliant as an Nvidia cloud service provider, which includes designation as preferred partner for Nvidia AI. Hive Digital is converting its 38,000 data-centre-grade Nvidia GPU cards into an on-demand GPU HPC infrastructure service to provide the backbone for AI compute requirements. The company is currently renting out its powerful GPU servers on marketplaces which match customers with providers. To learn more about Hive Digital's recent progress in this area, read the Oct. 10, 2023, press release. The GPU grant contest will allow the company to offer compute directly to end-users.