HIVE Secures Major AI Deal
HIVE Digital's BUZZ HPC Signs $350 Million AI Cloud Services Agreement
HIVE Digital Technologies has landed a landmark $350 million AI cloud deal, the biggest contract in its history. The five-year agreement, signed through its BUZZ High Performance Computing subsidiary, adds roughly $70 million in annual revenue and pushes BUZZ HPC's total annualized revenues to approximately $180 million, according to The Sudbury Star.
The customer is described only as an investment-grade enterprise — meaning a financially stable, highly rated company. HIVE will keep ownership of all hardware deployed under the deal, turning the contract into a long-lived asset that can generate cash well beyond the five-year term, Sault Star reported.
2,016 NVIDIA Blackwell Ultra GPUs Power the Cluster
The AI infrastructure at the heart of the deal is built around 2,016 NVIDIA Blackwell Ultra GPUs. They run inside NVIDIA GB300 NVL72 rack-scale systems — large, purpose-built computing racks designed for heavy AI workloads. The cluster is tied together with NVIDIA Quantum-X800 InfiniBand networking, one of the fastest chip-to-chip connection technologies available today, according to The Whig.
Storage is handled by VAST Data's high-performance platform, which is built to keep up with the enormous data demands of modern AI training and inference. Together, the hardware stack represents a full-scale, enterprise-grade AI supercomputing environment. HIVE retains ownership of all of it once the contract ends, Fort McMurray Today noted.
$70 Million in Annual Revenue Transforms BUZZ HPC's Scale
Before this deal, BUZZ HPC was building its business steadily. This single contract nearly doubles its revenue profile. The $70 million in new annual revenue brings the subsidiary's total annualized revenues to around $180 million. That is a major jump for a business that did not exist in its current form just a couple of years ago, according to Recorder.
HIVE expects the cluster to reach full deployment in stages. As it does, the company says it will generate "meaningful recurring cash flow." The deal is structured so that cash comes in steadily across the full five-year term, giving HIVE predictable income that is rare in the volatile world of digital infrastructure, Owen Sound Sun Times reported.
HIVE Keeps the Hardware — a Key Strategic Bet
One of the most important details in this agreement is asset ownership. HIVE will not lease or sell the NVIDIA infrastructure. It keeps it. That means when the five-year contract ends, the company still holds 2,016 high-end GPUs — hardware that could be redeployed, upgraded, or contracted out again, according to Goderich Signal Star.
This ownership model is a deliberate strategy. It lets HIVE act more like a data center owner than a pure service provider. The company described the cluster as a "long-lived strategic asset" with potential for cash flow beyond the current deal. In a market where GPU supply is tight, owning the hardware outright gives HIVE lasting leverage, Whitecourt Star reported.
HIVE's Bigger Push From Bitcoin Mining Into AI Cloud
HIVE Digital Technologies started as a cryptocurrency miner. It has spent the last two years aggressively pivoting toward AI and high-performance computing. BUZZ HPC is the vehicle for that shift. This $350 million contract is the clearest sign yet that the strategy is producing real commercial results, according to County Market.
The company trades on three exchanges — the TSX, NASDAQ, and BVC — giving it access to a wide pool of investors. With $180 million in annualized BUZZ HPC revenue now locked in, HIVE is positioning itself as a serious player in the fast-growing AI cloud services market, where demand for GPU computing continues to far outpace supply, Fort McMurray Today noted.
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