HIVE signs $350 million GPU cloud deal for AI cluster
HIVE digital technologies disclosed a five-year, $350 million GPU cloud services contract for BUZZ high performance computing that should produce about $70 million of annual revenue and bring BUZZ HPC to roughly $180 million in annualized revenue mix. The deployment will host 2,016 NVIDIA Blackwell Ultra GPUs in NVIDIA GB300 NVL72 racks with InfiniBand networking and VAST storage at a Canadian facility, using renewable hydroelectric power and closed-loop cooling. Capital expenditures total $185 million with a $35 million upfront deposit; execution and financing of that build are the main near-term risks to converting contracted revenue.
HIVE signed a five-year $350 million GPU cloud contract.
Context
HIVE built bitcoin-mining data centers and is shifting to GPU AI compute. It signed a…
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- Economic IndicatorReallocation of specialized data center…Locked
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