HIVE unit BUZZ HPC signs five-year GPU cloud services deal worth USD 350 million

Reuters2026/08/17 05:28

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HIVE Digital Technologies signed a five-year GPU cloud services contract with an investment-grade enterprise customer worth about USD 350 million.
Deal adds about USD 70 million in annualized revenue; BUZZ HPC annualized revenue rises to about USD 180 million.
Dedicated cluster includes 2,016 NVIDIA Blackwell Ultra GPUs; expected to go live later this year in Merritt, British Columbia.
Deployment capex expected at about USD 185 million; customer to pay an upfront deposit of about 10% of total contract value.
GPU infrastructure delivery and deployment expected in calendar Q4; HPC/AI daily revenue projected at about USD 500,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HIVE Digital Technologies Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608170127NEWSFILECNPR____20260817_309876_1) on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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HIVE unit BUZZ HPC signs five-year GPU cloud services deal worth USD 350 million

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