HIVE Lands $350M AI Cloud Deal as Bitcoin Miners Diversify

Bitcoin miners are increasingly treating power capacity and data-center expertise as assets that can serve more than one computing market.

HIVE Digital Technologies provided one of the clearest examples on August 17, announcing a five-year GPU cloud services agreement worth approximately $350 million through its BUZZ HPC subsidiary.

According to HIVE’s company release, the contract is with an unnamed investment-grade enterprise customer and is expected to add about $70 million in annualized revenue. The announcement shifts attention from crypto mining output to the value of the infrastructure surrounding it.

A 2,016-GPU Cluster in British Columbia BUZZ HPC will deploy 2,016 Nvidia Blackwell Ultra GPUs in GB300 NVL72 rack-scale systems. The cluster will use Nvidia Quantum-X800 InfiniBand networking and VAST Data storage at the Bell AI Fabric facility in Merritt, British Columbia.