HIVE Digital Signs $350M AI Cloud Deal
The 5-year contract boosts annual revenue to $180 million.
1HIVE Digital's Major Move
HIVE Digital Technologies has signed a $350 million AI cloud services contract through its BUZZ HPC unit. This agreement will increase the company's annual revenue by approximately $70 million and accelerate its transition to large-scale GPU infrastructure. The contract will utilize 2,016 Nvidia Blackwell Ultra GPUs.
2Infrastructure Powered by Nvidia GPUs
HIVE Digital has signed an AI cloud services agreement in Canada using over 2,000 Nvidia Blackwell Ultra GPUs. This infrastructure is designed to support large-scale AI training, inference, and other enterprise workloads. The GPUs will be integrated into GB300 NVL72 systems and Nvidia Quantum-X800 InfiniBand networking.
3Cooling with Renewable Energy
HIVE Digital will locate the AI cluster at Bell's AI Fabric facility in British Columbia. The facility operates on renewable hydroelectric power and uses a closed-loop liquid cooling system. This system eliminates ongoing water consumption for cooling and offers an environmentally friendly solution.
4Investment and Financing Plans
HIVE Digital expects a total capital expenditure of $185 million for this deployment. The company plans to finance the remaining deployment through previously announced financing and additional equipment debt. The agreement brings the company closer to its year-end GPU cloud revenue target of $200 million.
5Long-Term Revenue Outlook
HIVE Digital CEO Aydin Kilic stated that this agreement strengthens the company's long-term revenue outlook. The five-year contract, expected stable cash flows from an investment-grade customer, and an upfront deposit of approximately 10% of the total contract value offer an attractive economic and return profile.
6Dual-Engine Strategy
HIVE Digital Executive Chairman Frank Holmes framed this expansion as part of a broader 'dual-engine strategy' encompassing both ASIC-based digital infrastructure and GPU-based AI computing. The company has 400 megawatts of capacity in Canada, potentially supporting over 120,000 GPUs in the next two years.
7Transition from Crypto Infrastructure to AI
This deal demonstrates how crypto infrastructure companies can monetize their power and data center expertise through long-term AI contracts. AI contracts offer far greater revenue visibility than mining alone. HIVE Digital is becoming a significant player in the AI space with this transition.
8A Significant Step for the Future of AI
HIVE Digital's agreement represents a major investment in AI infrastructure. The company aims to become a leader in GPU-based AI computing. This step is seen as a significant milestone for the future of AI and sets an example for other players in the industry.
Original article: Bitcoin News — HIVE Digital, 350 Milyon Dolarlık AI Bulut Anlaşması İmzaladı