HIVE Stock Jumps After $220M Bell and Cohere AI Cloud Deal

• BUZZ HPC signed a three-year AI cloud contract worth about $220 million.
• HIVE will deploy 2,304 Nvidia Grace Blackwell GPUs in British Columbia.
• The project is expected to add roughly $70 million in annual recurring revenue.

HIVE Digital Technologies shares rose sharply after the former Bitcoin-focused miner announced a three-year artificial intelligence cloud contract worth approximately $220 million. The agreement expands the company’s high-performance computing business while creating a new source of contracted revenue outside cryptocurrency mining.

Notably, its wholly owned BUZZ High Performance Computing subsidiary will provide GPU infrastructure for Bell AI Fabric and Cohere. HIVE expects the deployment to enter service between late 2026 and early 2027.

BUZZ HPC Secures Canadian AI Contract

The partnership combines Bell’s Canadian data center and co…

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