Here’s another rewritten version with a tighter financial-news tone:
A GPU cloud deal with Bell and Cohere further strengthens HIVE’s transition from bitcoin mining into high-performance AI computing.
HIVE Digital Technologies (HIVE) shares rose 10% in pre-market trading on Thursday after the company announced a $220 million, three-year GPU cloud contract with Bell Canada and AI firm Cohere, marking another step in its pivot away from pure-play bitcoin mining.
Under the agreement, HIVE’s BUZZ High Performance Computing unit will deploy 2,304 Nvidia Grace Blackwell GPUs at Bell’s AI Fabric facility in Merritt, British Columbia. The infrastructure will support Cohere’s enterprise AI models, serving Canadian government and corporate clients.
The entire deployment will remain in Canada, aligning with government efforts to maintain domestic control over critical AI infrastructure.
The project is expected to come online between late 2026 and early 2027 and is projected to generate around $70 million in annual recurring revenue. Combined with roughly $35 million in existing ARR, HIVE’s contracted HPC revenue base now exceeds $100 million, highlighting growing traction in its AI infrastructure strategy.
