HIVE Digital Technologies stock rose over 7% following a three-year, $220 million contract with Bell Canada and AI firm Cohere. The deal, HIVE's largest to date, involves 2,304 NVIDIA GPUs for AI model training and inference, marking a significant pivot for the Bitcoin miner into AI infrastructure.
HIVE Digital Technologies' AI subsidiary BUZZ HPC has secured a three-year, $220 million GPU cloud contract with Bell AI Fabric to support AI startup Cohere. The deal involves deploying 2,304 NVIDIA GPUs in British Columbia, expected to generate $70 million in annual recurring revenue and signifies HIVE's expansion into AI infrastructure.
Russia and ASEAN nations agreed to foster cultural and creative industries to bolster their digital content markets. The joint declaration from the Kazan summit outlines plans for digital technology use, creative infrastructure development, and platforms for mutual product promotion.
The Southern and Middle Corridors are emerging as vital energy transport routes amid global disruptions. The Baku Energy Forum highlighted their importance for European energy security and the need for investment in logistics and infrastructure, with AI and digitalization playing key roles in enhancing efficiency and security.
Hive Digital Technologies reported $297.8M revenue in fiscal 2026, up 158%, driven by Bitcoin mining and a 94% surge in its AI computing division. The company plans a 320MW AI data center near Toronto.
HIVE Digital Technologies saw its Bitcoin holdings drop by 331 BTC to 150 BTC in Q4 2025, despite a 158% surge in annual revenue to $297.8 million, driven by mining and high-performance computing (HPC). The company is expanding into AI infrastructure.
Hive Digital Technologies' stock price surged 26% after announcing a 320 MW AI data center in the Greater Toronto Area. The "sovereign AI infrastructure" project aims to keep data and processing within Canada, with an estimated cost of C$3.5 billion.
