---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000857341.md"
description: "⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $HIVE Digital Tech(HIVE.US) HIVE Signs $350 Million Five-Year AI Cloud Deal for 2,016 $NVIDIA(NVDA.US) NVIDIA Blackwell Ultra GPUs👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:➤  𝗛𝗜𝗩𝗘 signs five-year GPU cloud agreement worth approximately $𝟯𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.➤  Deal adds approximately $𝟳𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 in annualized revenue.➤  𝗕𝗨𝗭𝗭 𝗛𝗣𝗖 total ARR rises to approximately $𝟭𝟴𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.➤  Cluster will deploy 𝟮,𝟬𝟭𝟲 𝗡𝗩𝗜𝗗𝗜𝗔 𝗕𝗹𝗮𝗰𝗸𝘄𝗲𝗹𝗹 𝗨𝗹𝘁𝗿𝗮 𝗚𝗣𝗨𝘀.➤  Deployment uses 𝗚𝗕𝟯𝟬𝟬 𝗡𝗩𝗟𝟳𝟮 systems and Quantum-X800 InfiniBand networking.➤  AI infrastructure requires approximately $𝟭𝟴𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 in capital expenditures.➤  Customer will provide an upfront deposit of approximately $𝟯𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.➤  Cluster is expected online during 𝗤𝟰 𝟮𝟬𝟮𝟲 in British Columbia.➤  HIVE expects HPC/AI daily revenue around $𝟱𝟬𝟬,𝟬𝟬𝟬 after deployment.➤  HIVE targets $𝟮𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 GPU cloud ARR by year-end.👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:➤  Five-year contract provides HIVE with significant 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 visibility.➤  Deal accelerates HIVE's diversification from 𝗰𝗿𝘆𝗽𝘁𝗼 𝗺𝗶𝗻𝗶𝗻𝗴 into AI infrastructure.➤  HIVE retains ownership of the GPUs, creating a 𝗹𝗼𝗻𝗴-𝗹𝗶𝘃𝗲𝗱 strategic asset.➤  Management sees potential to deploy over 𝟭𝟮𝟬,𝟬𝟬𝟬 𝗚𝗣𝗨𝘀 within two years.👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:𝗙𝗿𝗮𝗻𝗸 𝗛𝗼𝗹𝗺𝗲𝘀, Executive Chairman of HIVE Digital Technologies:"A year ago, our team was focused on rapidly scaling HIVE's ASIC computing power and Tier-I data center footprint by over 300%. Today, we are applying that same discipline and execution to scaling our GPU-based AI infrastructure.I am deeply pleased with the teamwork and execution of Aydin Kilic and Craig Tavares, together with the entire HIVE and BUZZ team, as we continue building our AI strategy. This new five-year agreement is another important milestone in that journey. With approximately 400 MW of capacity in Canada for Tier III data center development, we have the potential to bring over 120,000 GPUs online over the next 2 years.What excites me most is the synergy between our two businesses. Whether we are deploying ASIC chips for Tier-I data centers or GPU chips for AI, our core expertise remains the same: securing renewable energy, building high-performance data centers and converting that energy into valuable computing power. We believe this dual-engine strategy positions HIVE well for the next generation of digital infrastructure."𝗔𝘆𝗱𝗶𝗻 𝗞𝗶𝗹𝗶𝗰, President and Chief Executive Officer of HIVE Digital Technologies:"We are pleased to announce this agreement as we accelerate towards our year-end target of $200 million of ARR for our GPU cloud business. The five-year term, expected stable cash flows from an investment-grade enterprise customer, and upfront deposit of approximately 10% of total contract value supports an attractive economic and return profile for this deployment. Using proceeds from our June 2026 0% convertible bond, we are delivering on our promises to the market to bring this second, long-term large GPU cluster deal forward. We are also using debt financing to lever the purchase of the GPUs to provide a very strong internal rate of return."𝗖𝗿𝗮𝗶𝗴 𝗧𝗮𝘃𝗮𝗿𝗲𝘀, President and Chief Operating Officer of BUZZ High Performance Computing:"This contract demonstrates our ability to consistently execute on large-scale AI infrastructure deployments while securing long-term, high-quality customers. We're rapidly establishing BUZZ as one of Canada's leading sovereign AI cloud providers, combining best-in-class NVIDIA infrastructure with strategic partners such as Bell and VAST Data to deliver enterprise-grade AI compute at global scale.We're building far more than GPU clusters; we're helping build a sustainable AI future. This milestone reflects the speed and discipline with which our team continues to execute, while strengthening a world-class ecosystem of partners. Together, we're creating a sovereign AI cloud platform that gives Canadian and global organizations access to sustainable, high-performance infrastructure built for the AI era.""
datetime: "2026-08-17T10:56:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000857341.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000857341.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000857341.md)
author: "[Hardik Shah](https://longbridge.com/en/profiles/27423834.md)"
generator: "portal-rs"
---

# ⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $HIVE Digital Tech(HIVE.US) HIVE Signs $…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**