HIVE unit BUZZ HPC signs 5-year GPU cloud services deal worth USD 350 million

Reuters2026/08/19 21:20

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HIVE’s BUZZ HPC signed a five-year GPU cloud services deal with an investment-grade enterprise customer worth about USD 350 million.
Contract implies about USD 70 million of annualized revenue; BUZZ HPC annualized revenue rises to about USD 180 million.
Deployment includes 2,016 NVIDIA Blackwell Ultra GPUs; cluster expected to go live later this year at Bell’s Merritt, British Columbia facility.
Expected capex totals about USD 185 million; customer to pay an upfront deposit of about USD 35 million.
GPU infrastructure delivery and deployment targeted for 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001062993-26-004522), on August 19, 2026, and is solely responsible for the information contained therein.

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HIVE unit BUZZ HPC signs 5-year GPU cloud services deal worth USD 350 million

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