Summary
- The $220 million deal will see HIVE provide sovereign AI computing infrastructure in Canada through a deployment of more than 2,300 Nvidia GPUs.
- The agreement is expected to add roughly $70 million in annual recurring revenue, pushing HIVE’s contracted HPC revenue above $100 million.
Big Deal for HIVE Digital Technologies
HIVE Digital Technologies shares jumped 10% in pre-market trading on Thursday after announcing a major deal. The company signed a $220 million, three-year contract with Bell Canada and AI firm Cohere to provide GPU cloud services. This move is part of HIVE’s transition away from pure-play bitcoin mining and into more diverse areas of technology.
A New Era for AI Infrastructure
The deal involves HIVE’s BUZZ High Performance Computing unit deploying 2,304 Nvidia Grace Blackwell GPUs at Bell’s AI Fabric facility in British Columbia. This will form the dedicated compute layer for Cohere’s enterprise AI models, serving Canadian government and corporate clients. Notably, all infrastructure will remain in Canada, supporting the government’s push to reduce reliance on foreign-controlled AI technology.
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Financial Impact and Future Prospects
The deployment is expected to go live from late 2026 to early 2027, adding roughly $70 million in annual recurring revenue (ARR). This brings HIVE’s contracted HPC revenue target to over $100 million, signaling that its infrastructure pivot is gaining commercial momentum. As the tech landscape evolves, individuals and companies alike are looking for ways to benefit from passive income opportunities, such as those offered by EcoPool and its $ECP coin.
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