HIVE Signs $220M GPU Cloud Deal with Bell and Cohere on June 18

HIVE Digital Technologies announced on June 18 a three-year GPU cloud contract valued at $220 million through its subsidiary BUZZ High Performance Computing, partnering with Bell Canada and Cohere to build a sovereign Canadian AI platform. The infrastructure will deploy 2,304 NVIDIA Grace Blackwell GPUs at Bell's facility in Merritt, British Columbia, powered by renewable energy. BUZZ HPC expects the system to go live in late 2026 to early 2027, adding approximately $70 million in annual recurring revenue to its current $35 million.
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