Blackwell · Nvidia · Bitcoin · United Kingdom · The Block
HIVE stock closed up 4% on Friday and traded nearly 8% higher in Monday's pre-market session, 's crypto equities page
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Bitcoin miner HIVE Digital Technologies (HIVE) has signed a five-year GPU cloud services agreement worth about $350 million through its BUZZ High Performance Computing subsidiary, expanding its AI business with a second big deal in two months.
Key facts
- The contract adds roughly $70 million in annualized revenue and brings BUZZ HPC's total annualized revenue to about $180 million, split between $35 million realized today and $145 million contracted
- HIVE reported quarterly revenue of $79.1 million on Friday, including $7.1 million from BUZZ HPC
- IREN struck a $9.7 billion cloud deal with Microsoft, Hut 8 signed a $7 billion data center lease tied to an Anthropic and Fluidstack partnership, and TeraWulf entered a $9.5 billion Google-backed
- Bitcoin miner HIVE Digital Technologies (HIVE) has signed a five-year GPU cloud services agreement worth about $350 million through its BUZZ High Performance Computing subsidiary, expanding its AI
Summary
HIVE did not name the counterparty, describing it only as an investment-grade enterprise customer. The contract adds roughly $70 million in annualized revenue and brings BUZZ HPC's total annualized revenue to about $180 million, split between $35 million realized today and $145 million contracted to come online through the fourth quarter of 2026, HIVE said. BUZZ HPC will build a dedicated cluster of 2,016 NVIDIA Blackwell Ultra GPUs in GB300 NVL72 rack-scale systems, wired with Quantum-X800 InfiniBand networking and VAST Data storage, based on NVIDIA's reference architecture. The system is expected to go live later this year at the Bell AI Fabric facility in Merritt, British Columbia, which runs on renewable hydroelectric power and closed-loop liquid cooling.