HIVE Finalizes $220M AI GPU Contract With Bell, Expects $70M Annual Revenue

According to a company statement on Thursday, Bitcoin miner-turned-AI infrastructure provider HIVE Digital Technologies finalized a three-year sovereign cloud infrastructure contract valued at approximately $220 million with Bell AI Fabric. HIVE's BUZZ HPC unit will deploy 2,304 Nvidia Grace Blackwell GPUs at Bell's facility in Merritt, British Columbia, powered by renewable energy. HIVE expects the deployment to enter service between late 2026 and early 2027, adding approximately $70 million in contracted annual recurring revenue.
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