HIVE shares jump as $220M AI deal speeds Bitcoin mining pivot
first published 2026-06-18T17:54:57Z
HIVE Digital Technologies' AI subsidiary BUZZ HPC secured a three-year, $220 million GPU cloud contract with Bell AI Fabric to support AI startup Cohere. The deal includes deploying 2,304 NVIDIA Grace Blackwell GPUs in British Columbia and is expected to produce about $70 million in annual recurring revenue, lifting HIVE's contracted HPC revenue target above $100 million. The company continues shifting toward AI infrastructure while its Bitcoin treasury declines.
AI Analysis
The article reports a large signed contract, expected recurring revenue, and a material expansion of HIVE's contracted HPC revenue target; these are concrete business developments that can affect near-term valuation and sentiment. It also mentions a shift away from Bitcoin treasury toward AI infrastructure.
Expected Investor Sentiment: Bullish
Potential Market Impact: Significant
Source Articles
- HIVE secures $220M AI infrastructure contract with Bell and Cohere - Cointelegraph
- HIVE Stock Spikes as Bitcoin Miner Lands $220M AI Infra Deal - Decrypt
- HIVE Lands $220 Million AI Cloud Deal With Bell Canada and Cohere - Bitcoin.com
- HIVE shares jump as $220M AI deal speeds Bitcoin mining pivot - Crypto News
