HIVE Lands $350M AI Cloud Deal with Unnamed Investment-Grade Company

HIVE Digital Technologies announced its subsidiary BUZZ HPC has secured a five-year, $350 million contract for GPU cloud computing services from an unnamed investment-grade company.

The deal is expected to drive high-performance computing revenues to about $500,000 a day once the hardware is up and running in the fourth quarter.

This adds approximately $70 million in annualized recurring revenue, bringing BUZZ HPC's total annualized revenue to around $180 million.