HIVE Digital (HIVE) Stock Jumps 8% on $350 Million GPU Cloud Deal

TLDR

• HIVE Digital’s subsidiary BUZZ HPC signed a five-year, $350 million GPU cloud services deal with an investment-grade enterprise customer.
• The contract adds roughly $70 million in annualized revenue, bringing BUZZ HPC’s total annualized to around $180 million.
• BUZZ HPC will deploy 2,016 NVIDIA Blackwell Ultra GPUs at a facility in Merritt, British Columbia.
• HIVE stock rose approximately 8% in premarket trading on Monday following the announcement.
• Capital expenditures for the deployment are expected to total around $185 million, with a 10% upfront deposit from the customer.

HIVE Digital Technologies (NASDAQ: HIVE) rose about 8% in premarket trading Monday, hitting $2.91, after announcing a major new contract through its subsidiary BUZZ High Performance Computing Inc.

HIVE Digital Technologies Ltd., HIVE

BUZZ HPC signed a five-year GPU cloud services agreement with an investment-grade enterprise customer worth approximately $350 million. The deal adds around $70 million in annualized revenue to BUZZ HPC’s books.

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