Abstract
The matrix product structure is considered on a regular lattice in the hyperbolic plane. The phase transition of the Ising model is observed on the hyperbolic $(5, 4)$ lattice by means of the corner-transfer-matrix renormalization group (CTMRG) method. Calculated correlation length is always finite even at the transition temperature, where mean-field like behavior is observed. The entanglement entropy is also always finite.
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