HIVE Secures Major AI Infrastructure Contract
- HIVE’s BUZZ HPC subsidiary signed a $220 million, three-year GPU cloud contract with Bell Canada and Cohere.
- The agreement includes deploying 2,304 NVIDIA Grace Blackwell GPUs at Bell’s Merritt, BC facility.
- HIVE’s contracted high-performance computing revenue now exceeds $100 million, with an expected $70 million in new annual recurring revenue.
- HIVE stock rose over 7% on the TSX following the announcement.
This contract marks HIVE’s significant shift from Bitcoin mining to AI infrastructure, leveraging local Canadian data centers for sovereign AI projects. The deployment is set to go live between late-2026 and early-2027.
Once operational, the project is expected to generate approximately $70 million in new annual recurring revenue, reinforcing HIVE’s strategic pivot towards high-performance computing sectors. (Source)
