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.
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.
