Hive Digital Technologies said its Buzz HPC subsidiary has hired AI and HPC veteran Mark Volk as senior vice president of revenue, a move aimed at accelerating commercialization of its GPU-based AI infrastructure business.
Volk joins after nearly three decades in AI, high-performance computing, cloud and enterprise infrastructure. At Hewlett Packard Enterprise, he helped grow the HPC and AI business about 425% to more than $2 billion in revenue. At IBM, he managed a portfolio of about $1.2 billion and helped launch the company’s first HPC cloud SaaS offering, which grew about 200% in less than two years. Earlier, at Platform Computing, he helped lift revenue from about $25 million to more than $60 million before IBM acquired the business.
The company also said it has now surpassed $1 million in average daily revenue. Since Aug. 21, 2026, Hive has averaged about 12 bitcoin mined per day, equal to roughly 2% of global bitcoin network production, while its GPU cloud operations have generated about $100,000 in average daily revenue. Combined, those businesses have produced more than $1 million in average daily revenue.
Hive said its GPU cloud demand pipeline now exceeds $1 billion in total contract value potential. Year to date, it has closed more than $600 million in total contract value for GPU cloud contracts, including three* and five-year agreements with creditworthy counterparties.
The company also said its Swedish bitcoin mining operations accounted for less than 5% of global daily revenue during August. Hive plans to wind down bitcoin mining at those facilities as it evaluates repurposing the infrastructure for higher-value HPC and AI applications. Following these announcements, the company's shares moved 0.86%, and are now trading at a price of $2.915. For more information, read the company's full 8-K submission here.
