HIVE AI cloud deal locks in $350M GPU contract, adds $70M yearly
Bitcoin miner HIVE just landed one of its biggest non-mining contracts to date, and the numbers behind it explain why crypto investors are paying attention. The HIVE AI cloud deal involves a five-year, $350 million GPU cloud agreement signed through the company’s BUZZ HPC division with an unnamed investment-grade enterprise customer. It’s a signal that HIVE, long known for mining Bitcoin, is now building a second identity as an AI infrastructure provider.
Key takeaways
- HIVE’s An unnamed investment-grade enterprise customer entered into a five-year GPU cloud agreement valued at $350 million with BUZZ HPC.
- The contract is expected to add roughly $70 million in annualized revenue to HIVE.
- This marks HIVE’s second large GPU cluster deal in just two months.
- The news lands alongside a reported 74% revenue jump in HIVE’s fiscal Q1 2027 earnings.
- HIVE shares were trading at $2.69, up more than 4%, as the market digested the news.
HIVE’s Five-Year, $350 Million GPU Cloud Contract
The centerpiece of this story is a long-term, high-value agreement that shifts real revenue toward HIVE’s AI infrastructure business. BUZZ HPC, the GPU cloud arm of HIVE, locked in a five-year GPU cloud agreement worth $350 million, giving the company a multi-year revenue stream that doesn’t depend on Bitcoin price swings or mining difficulty adjustments.
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