The Bitcoin miner’s BUZZ HPC unit will deploy 2,304 NVIDIA GPUs, adding $70M in annual recurring revenue.
HIVE Digital Technologies announced a $220 million, three-year GPU cloud contract with Bell Canada and AI firm Cohere. The deal involves 2,304 NVIDIA Grace Blackwell GPUs at Bell’s Merritt, BC data center, supporting sovereign AI infrastructure for Canadian clients.
The agreement pushes HIVE’s contracted high-performance computing revenue past $100 million, with $70 million in new annual recurring revenue expected. The company, previously focused on Bitcoin mining, is accelerating its pivot to AI infrastructure.
HIVE stock rose over 7% on the TSX following the announcement, reflecting investor confidence in its transition strategy.