HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) has appointed Mark Volk as senior vice president, revenue at its subsidiary BUZZ High Performance Computing, as the company said combined revenue from hashrate services and GPU cloud services has surpassed $1 million per day.
In the new role, Volk will lead BUZZ HPC's global go-to-market strategy across enterprise, government, sovereign AI, hyperscale, research and academic markets, overseeing commercialization of the company's GPU-powered AI infrastructure, including sovereign AI cloud, GPU-as-a-Service, colocation and hybrid AI solutions.
Volk brings nearly three decades of experience building and commercializing AI, HPC, cloud and enterprise infrastructure businesses, most recently as CEO of CiphexAI Corporation, and previously spent five years at Hewlett Packard Enterprise, including as general manager of HPC & AI commercial for the Americas.
“AI needs compute. Compute needs power. And power needs infrastructure,” said Frank Holmes, executive chairman of HIVE Digital Technologies. “HIVE has spent years building all three. Now we are building the team to scale it."
Aydin Kilic, CEO of HIVE Digital Technologies, said Volk had worked with the company as a consultant for approximately nine months, during which he helped build the company's GPU cloud demand pipeline to more than $1 billion in total contract value potential. “We are moving from building infrastructure to scaling a global AI platform. That requires experienced operators who know how to execute. Mark is one of those people."
Year to date, the company has closed more than $600 million in total contract value for GPU cloud contracts, including three- and five-year agreements.
“The infrastructure is here. The demand is here. Now we scale,” Volk said in a statement.
As of August 21, 2026, HIVE has produced an average of approximately 12 Bitcoin per day, while its GPU cloud operations have generated approximately $100,000 in average daily revenue.
The company said its Swedish Bitcoin mining operations, which accounted for less than 5% of global daily revenue in August, will be wound down as it evaluates repurposing that infrastructure for HPC and AI applications.
