# HIVE Digital Signs $350M AI Cloud Deal The 5-year contract boosts annual revenue to $180 million. - **Source:** [Bitcoin News](https://brifing.si/source/d8aeaf1e-9839-4dad-9d25-7a6bf3fbeef8) - **Published:** 2026-08-17 - **Topic:** [Data & AI](https://brifing.si/c/data-ai) - **Original article:** - **On Brifing:** https://brifing.si/s/e17fa54e-d9bf-42fe-8531-00f2c8c6af99 ## HIVE 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. ## Infrastructure 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. ## Cooling 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. ## Investment 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. ## Long-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. ## Dual-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. ## Transition 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. ## A 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. ## Sources covering this story - https://news.bitcoin.com/technology/hive-digital-lands-350m-ai-deal-with-5-year-cloud-contract/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._