HIVE signs $350 million AI cloud agreement
The five-year deal secures an upfront deposit, funds NVIDIA Blackwell deployment in BC, and boosts annualized revenue to $180 million using renewable energy.
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Sustainable data center infrastructure provider
hivedigitaltechnologies.comLast updated
In short: HIVE Digital Technologies reported record fiscal 2026 revenue and secured a $350 million AI cloud deal to expand its GPU infrastructure.
The five-year deal secures an upfront deposit, funds NVIDIA Blackwell deployment in BC, and boosts annualized revenue to $180 million using renewable energy.
BTC mining reached $72.1M while HPC/AI generated $7.1M, showing strong sequential and year-over-year growth across both business units.
The BUZZ HPC facility aims to enable researchers to see what current tools cannot, reminiscent of the first electron microscope.
The strategy uses clean energy to power both Bitcoin mining and AI compute across campuses in three continents.
HIVE Digital Technologies (Nasdaq: HIVE) shares rose about 13% in premarket trading on Aug. 17 after the Bitcoin mining and AI company announced a major...
Shares of HIVE Digital Technologies Ltd HIVE rose sharply in pre-market trading. HIVE’s subsidiary BUZZ High Performance ...
HIVE's BUZZ HPC signed a five-year $350 million GPU cloud contract, adding $70 million in annualized revenue and targeting $500,000 in daily AI revenue.
The cluster is expected to become operational later this year at the Bell AI Fabric facility in Merritt, British Columbia. Hive said the contract adds...
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