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HIVE Digital Technologies Soars on $350M AI Contract

Guavy AI Editorial Team
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HIVE
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HIVE Digital Technologies' shares surged by 11% to $2.98 in midday trading on Monday, following a significant AI contract announcement.

The catalyst behind this jump is HIVE's five-year GPU cloud services agreement with an unnamed investment-grade enterprise customer, valued at $350 million.

This deal brings BUZZ HPC's total annualized revenue to $180 million and puts the company's $200 million annualized recurring revenue goal for the GPU cloud business within reach.

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