HIVE Digital Lands $350 million AI Deal With 5-Year Cloud Contract
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HIVE Digital Technologies’ BUZZ HPC unit has signed a five-year AI cloud services contract worth about $350 million.
Key facts
Roughly $35 million is already active, while another $145 million is contracted and expected to come online through the fourth quarter of 2026
The contract, secured through wholly owned subsidiary BUZZ High Performance Computing, carries a total value of about $350 million and is expected to contribute roughly $70 million in annualized
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HIVE Digital Technologies’ BUZZ HPC unit has signed a five-year AI cloud services contract worth about $350 million
Summary
HIVE’s BUZZ HPC signed a 5-year, $350M AI cloud deal using 2,016 Nvidia Blackwell Ultra GPUs. HIVE says the deal lifts BUZZ HPC annualized revenue to $180M, accelerating the shift toward AI. HIVE targets $200M GPU cloud revenue by year-end, with 400MW able to support 120,000+ GPUs. HIVE Digital Technologies is deepening its push into artificial intelligence infrastructure, signing a five-year cloud services agreement that will deploy more than 2,000 Nvidia Blackwell Ultra GPUs in Canada.