HIVE Inks $350M AI Cloud Deal with Enterprise Customer
HIVE Digital Technologies has secured a major deal worth approximately $350 million for its BUZZ HPC subsidiary. The five-year contract is with an unnamed investment-grade enterprise customer and is expected to add around $70 million in annualized revenue.
The agreement requires the deployment of 2,016 Nvidia Blackwell Ultra GPUs in GB300 NVL72 rack-scale systems at the Bell AI Fabric facility in Merritt, British Columbia. The cluster will use Nvidia Quantum-X800 InfiniBand networking and VAST Data storage.
HIVE expects the infrastructure to be delivered and deployed in the fourth quarter of 2026, with an upfront customer deposit of about $35 million, roughly 10% of the total contract value. The company plans to finance the remaining deployment cost through various initiatives.