HIVE Digital Lands $350M GPU Cloud Deal, Bolstering AI Push

BitcoinWorld HIVE Digital Lands $350M GPU Cloud Deal, Bolstering AI Push Bitcoin miner HIVE Digital has secured a five-year, $350 million GPU cloud services contract with an investment-grade corporate client, marking one of the company’s largest AI-related deals to date.

The agreement, signed through its subsidiary BUZZ HPC, is expected to generate approximately $70 million in annual revenue, lifting BUZZ HPC’s annual recurring revenue to about $180 million.

Expanding Beyond Bitcoin Mining HIVE Digital has been steadily pivoting its infrastructure toward high-performance computing, repurposing the power and data center capacity it originally built for Bitcoin mining.

The company plans to deploy a dedicated cluster of 2,016 Nvidia Blackwell Ultra GPUs, with the new capacity expected to come online in the fourth quarter of this year.