HIVE’s Major AI Cloud Deal with Bell Canada and Cohere
- HIVE Digital Technologies’ BUZZ HPC signed a $220 million, three-year GPU cloud contract with Bell Canada and Cohere.
- The deal involves deploying NVIDIA-powered GPU cloud infrastructure at Bell’s data center in Merritt, British Columbia.
- HIVE plans to upgrade its Sweden data center to Tier III standards, with GB200 systems expected live by early 2027.
- The AI factories will use renewable energy and aim for low power usage effectiveness.
HIVE is expanding its AI infrastructure capabilities through significant partnerships and investments in Canada and Sweden. The collaboration with Bell Canada and Cohere strengthens HIVE’s position in the sovereign AI infrastructure market, leveraging its expertise in energy-efficient data centers.
This strategic move is set to add approximately $70 million in annual recurring revenue (ARR) by late-2026 to early-2027, enhancing HIVE’s revenue streams significantly beyond its current $35 million ARR. Source
