Bitcoin Miner HIVE’s BUZZ Signs $350M AI Cloud Deal, Targets $500K Daily Revenue

TL;DR:

• BUZZ HPC, a subsidiary of HIVE Digital Technologies, signed a five-year, $350 million cloud computing contract for artificial intelligence.
• The agreement includes the deployment of 2,016 NVIDIA Blackwell Ultra graphic processing units at the Merritt facility in British Columbia.
• The company posted $79.1 million in total revenue during its most recent fiscal quarter, of which $7.1 million came from the high-performance computing segment.

Bitcoin miner HIVE Digital Technologies announced this Monday the signing of an AI cloud deal valued at approximately $350 million over five years through its subsidiary BUZZ HPC.

The company formalized this contract with an undisclosed investment-grade corporate client. Corporate projections suggest that this deployment will generate nearly $70 million in annualized recurring revenue, with the expectation of reaching $500,000 in daily revenue within its artificial intelligence unit once the equipment becomes operational during the fourth quarter of the year.

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