News linked to both this project and an event.
HIVE Executive Chairman Frank Holmes stated that the company's cluster of 504 NVIDIA B200 GPUs at Bell Canada's Manitoba AI fabric generates approximately $2.90 per GPU per hour in revenue; by comparison, HIVE's Bitcoin mining equipment generates approximately $0.12 per hour. HIVE's total revenue for fiscal year 2026 reached $298 million, up 158% year-over-year; digital currency revenue from Bitcoin mining grew 164%. During the same period, average hash rate stood at 22.2 EH/s, up 290% year-over-year, accounting for approximately 3% of the Bitcoin network's total hash rate, and the company mined 2,885 BTC. HIVE's BUZZ HPC division, which houses its AI and high-performance computing business, generated revenue of $19.5 million, up 94% from $10 million in the prior fiscal year. The company also signed GPU cloud agreements worth approximately $220 million with Bell and AI company Cohere, and raised $75 million through a note issuance to fund AI infrastructure expansion. HIVE is building a 320-megawatt AI data center in the Greater Toronto Area, with plans to eventually house more than 100,000 GPUs. The company stated that if the facility becomes fully operational in the second half of 2027, it could generate approximately $360 million in annualized recurring revenue.
Odaily Former SEC Chair and former CFTC Chair Gary Gensler, in an amicus brief filed with the U.S. Court of Appeals for the Sixth Circuit, stated that the Dodd-Frank Act does not grant the CFTC the authority to regulate sports betting.This position directly contradicts the claims of current CFTC Chair Michael Selig and prediction market platform Kalshi, who argue that contracts related to sports events fall under federal regulatory scope rather than state gambling oversight.Gensler pointed out that if the Dodd-Frank Act truly preempted state authority over sports betting, it would have been major news at the time, yet no one understood it that way. He served as CFTC Chair from 2009 to 2014 and was responsible for implementing rules under the Dodd-Frank Act.The amicus brief pertains to litigation between Kalshi and the state of Ohio. The Ohio gambling regulator had demanded Kalshi cease offering sports-related event contracts to state residents, leading Kalshi to sue the state. However, a request for a preliminary injunction was denied by the court. The CFTC supports Kalshi, arguing that Ohio has overstepped its authority.Over the past year, the CFTC has continuously sought to expand its regulatory reach over prediction markets, having sued several states to establish its jurisdiction. This week, the agency also proposed broader rules for prediction markets, generally supporting sports-related contracts while aiming to impose stricter restrictions on betting concerning events such as terrorist attacks, assassinations, and wars.