HIVE's BUZZ HPC Signs $350M Five-Year GPU Cloud Deal with Investment-Grade Customer
HIVE sits 64% above its 52-week low of $1.73.
Summary
HIVE Digital's BUZZ HPC signed a $350M five-year GPU cloud services agreement with an investment-grade customer, adding $70M in annualized revenue and bringing total ARR to $180M.
Key Events · M&A and Partnerships · HIVE
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$350M GPU Cloud Contract Signed
A five-year GPU cloud services agreement valued at approximately $350 million has been signed by BUZZ HPC, a wholly owned subsidiary, with an investment-grade enterprise customer.
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Adds $70M Annualized Revenue
The contract adds approximately $70 million in annualized revenue, bringing BUZZ HPC's total annualized revenue to approximately $180 million, with $35 million active realized ARR and $145 million contracted ARR expected online through Q4 2026.
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Deployment in Q4 2026
The cluster of 2,016 NVIDIA Blackwell Ultra GPUs in GB300 NVL72 systems will be deployed at the Bell AI Fabric facility in Merritt, British Columbia, with operations expected to begin in Q4 2026.
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$185M Capex and $35M Deposit
Capital expenditures of approximately $185 million are expected for the deployment, and the customer will provide an upfront deposit of approximately $35 million (10% of total contract value).
Analysis · HIVE · Crypto Assets
A binding five-year GPU cloud services agreement worth approximately $350 million has been signed by BUZZ HPC, a subsidiary of HIVE Digital, with an investment-grade enterprise customer. The deal adds roughly $70 million in annualized revenue, bringing BUZZ HPC's total annualized revenue to about $180 million. Deployment of 2,016 NVIDIA Blackwell Ultra GPUs is expected in Q4 2026 at the Bell AI Fabric facility in Merritt, British Columbia. The customer will provide a $35 million upfront deposit, and HIVE expects $185 million in capital expenditures. This contract significantly expands HIVE's AI infrastructure business and provides long-term revenue visibility, though it requires substantial upfront investment.
At the time of this filing, HIVE was trading at $2.84 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $773.5M. The 52-week trading range was $1.73 to $7.84. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.