HIVE Stock Jumps After $220M Bell and Cohere AI Cloud Deal
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HIVE Digital’s BUZZ HPC signed a three-year AI cloud contract worth about $220 million to deploy 2,304 Nvidia Grace Blackwell GPUs in British Columbia for Bell AI Fabric and Cohere, with deployment due late 2026–early 2027. The deal should add roughly $70 million in annual recurring revenue, diversifies the former Bitcoin miner into high-performance computing and GPU infrastructure beyond crypto mining, and drove a sharp share increase, indicating positive funding and adoption impact.
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- BUZZ HPC signed a three-year AI cloud contract worth about $220 million.
- HIVE will deploy 2,304 Nvidia Grace Blackwell GPUs in British Columbia.
- The project is expected to add roughly $70 million in annual recurring revenue.
HIVE Digital Technologies shares rose sharply after the former Bitcoin-focused miner announced a three-year artificial intelligence cloud contract worth approximately $220 million. The agreement expands the company’s high-performance computing business while creating a new source of contracted revenue outside cryptocurrency mining.
Notably, its wholly owned BUZZ High Performance Computing subsidiary will provide GPU infrastructure for Bell AI Fabric and Cohere. HIVE expects the deployment to enter service between late 2026 and early 2027.
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Read The Full Article HIVE Stock Jumps After $220M Bell and Cohere AI Cloud Deal On Coin Edition.
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