Tom Lee Links Ethereum Weakness to Rising Oil Prices
Despite near-term weakness, Lee still sees tokenization and AI-related infrastructure as long-term drivers for ETH.
Crypto Briefing·
HIVE's pivot to AI infrastructure highlights a broader industry shift, emphasizing AI's lucrative potential over traditional crypto mining. The post HIVE surges 35% after announcing 320MW AI gigafactory plans appeared first on Crypto Briefing.
Read full articleDespite near-term weakness, Lee still sees tokenization and AI-related infrastructure as long-term drivers for ETH.
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HIVE Digital is pivoting from Bitcoin mining to a CAD 3.5b, 320 MW Toronto AI “super factory” hosting 100,000+ GPUs, sending its stock up over 35% on the news. HIVE Digital Technologies, long known as a Bitcoin (BTC) mining company,…
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