Hive shares jumps 10% on $220m Canada sovereign AI infrastructure deal
GPU cloud contract with Bell and Cohere strengthens HIVE’s shift from bitcoin mining to high performance AI computing.
Make preferred on
Share this article
Summary
- The $220 million deal will see HIVE provide sovereign AI computing infrastructure in Canada through a deployment of more than 2,300 Nvidia GPUs.
- The agreement is expected to add roughly $70 million in annual recurring revenue, pushing HIVE’s contracted HPC revenue above $100 million.
