HIVE Digital Technologies' wholly owned subsidiary, BUZZ High Performance Computing, signed a three-year GPU cloud contract worth approximately $220 million with Bell Canada and Cohere. The agreement brings together Bell's national data center and connectivity platform, Cohere's enterprise AI models, and BUZZ HPC's NVIDIA-powered GPU cloud infrastructure to deliver a full-stack AI platform built in Canada for Canadian enterprise and government customers, keeping compute, data, and model operations inside Canadian borders under Canadian standards. The infrastructure is designed to support Cohere's foundation models and enterprise AI products for public- and private-sector clients, with NVIDIA GB200 systems expected to go live in late 2026 to early 2027 and add approximately $70 million in contracted annual recurring revenue. The agreements strengthen HIVE's position in the fast-growing market for sovereign AI infrastructure and show how crypto miners are using energy access and data center expertise to serve AI workloads as mining margins become more competitive.
BUZZ HPC Deploys 2,304 NVIDIA Grace Blackwell GPUs in British Columbia
BUZZ HPC procured 2,304 NVIDIA Grace Blackwell GPUs as part of NVIDIA GB200 NVL72 rack-scale systems for deployment at Bell's purpose-built facility in Merritt, British Columbia. The deployment will use NVIDIA Quantum InfiniBand scale-out networking, liquid cooling, and reference architecture standards. The company said the AI factories will be powered by renewable energy and designed for very low power usage effectiveness, a key metric for data center efficiency. HIVE is funding the NVIDIA systems using part of the proceeds from its $115 million convertible note financing completed in April 2026. Frank Holmes, HIVE's executive chairman, said Canada helped pioneer modern artificial intelligence and that BUZZ HPC is the GPU factory layer that transforms Canada's AI ambitions from political promises into productive national assets.
HIVE Acquires 32MW Data Center in Sweden After Eight-Year Partnership
Earlier Thursday, the company said the Boden Municipal Council approved its acquisition of the Big Boden 32-megawatt data center in Sweden. HIVE has operated at the site as a tenant since 2018 and has invested about $100 million in the region. The company plans to upgrade the facility to Tier III infrastructure standards to support enterprise-scale AI workloads.
HIVE Surpasses $100 Million HPC Revenue Target With New Contracts
HIVE President and CEO Aydin Kilic said the company has now surpassed its target of $100 million in contracted HPC revenue. He said the company expects the NVIDIA GB200 deployment to go live in late 2026 to early 2027, adding approximately contracted $70 million ARR to the current realized $35 million ARR.
FAQ
What did HIVE Digital Technologies announce on Thursday?
HIVE Digital Technologies announced that its wholly owned subsidiary, BUZZ High Performance Computing, signed a three-year GPU cloud contract worth approximately $220 million with Bell Canada and Cohere to deliver a full-stack AI platform built in Canada for Canadian enterprise and government customers.
How many NVIDIA GPUs will BUZZ HPC deploy in British Columbia?
BUZZ HPC procured 2,304 NVIDIA Grace Blackwell GPUs as part of NVIDIA GB200 NVL72 rack-scale systems for deployment at Bell's purpose-built facility in Merritt, British Columbia, with systems expected to go live in late 2026 to early 2027.
What data center acquisition did HIVE complete in Sweden?
The Boden Municipal Council approved HIVE's acquisition of the Big Boden 32-megawatt data center in Sweden, where HIVE has operated as a tenant since 2018 and invested about $100 million in the region.
