HIVE Digital Secures $220M AI GPU Deal with Bell Canada
- HIVE Digital’s BUZZ HPC has signed a three-year AI GPU cloud contract valued at approximately $220 million.
- The agreement involves collaboration with Bell AI Fabric, Cohere, and Hypertec to develop Canadian AI compute infrastructure.
- The project will utilize 2,304 NVIDIA Grace Blackwell GPUs, contributing an estimated $70 million in annual recurring revenue once fully operational.
This deal marks HIVE Digital’s strategic shift from Bitcoin mining to broader digital infrastructure services by leveraging its existing power and data-center assets for high-performance computing needs.
The contract underscores the growing trend among miners to diversify revenue streams amid competitive mining economics by exploring opportunities in AI and enterprise cloud services. (Source)
