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HIVE Digital’s BUZZ HPC portion has signed a three-year GPU unreality declaration worthy astir $220 cardinal arsenic portion of a Canadian sovereign AI infrastructure concern with Bell Canada and Cohere. The woody adds to HIVE’s broader propulsion into AI information centers, including a recently approved acquisition of a 32-megawatt installation successful Sweden.
Key Takeaways
- HIVE’s BUZZ HPC signed a 3-year, $220M AI unreality woody with Bell Canada and Cohere.
- NVIDIA-powered AI factories could adhd $70M ARR, boosting HIVE’s HPC expansion.
- HIVE plans a 32MW Sweden upgrade, with GB200 systems going unrecorded by aboriginal 2027.
HIVE Secures $70 Million ARR Boost Through New AI Infrastructure Deal
HIVE Digital Technologies is moving deeper into artificial quality (AI) infrastructure done a large Canadian sovereign AI woody with Bell Canada and Cohere.
The institution said its wholly owned subsidiary, BUZZ High Performance Computing, has signed a three-year GPU unreality declaration worthy astir $220 million. The agreement brings unneurotic Bell’s nationalist information halfway and connectivity platform, Cohere’s endeavor AI models and BUZZ HPC’s NVIDIA-powered GPU unreality infrastructure.
The companies program to present a full-stack AI level built successful Canada for Canadian endeavor and authorities customers. The infrastructure is designed to support compute, data, and exemplary operations wrong Canadian borders nether Canadian standards.
BUZZ HPC volition deploy the strategy astatine Bell’s purpose-built installation successful Merritt, British Columbia. The clump volition enactment Cohere’s instauration models and endeavor AI products for public- and private-sector clients.
NVIDIA GPUs Power Canadian AI Factory
HIVE said BUZZ HPC has procured 2,304 NVIDIA Grace Blackwell GPUs arsenic portion of NVIDIA GB200 NVL72 rack-scale systems. The deployment volition usage NVIDIA Quantum InfiniBand scale-out networking, liquid cooling, and notation architecture standards.
The institution said the AI factories volition beryllium powered by renewable vigor and designed for precise debased powerfulness usage effectiveness, a cardinal metric for information halfway efficiency.
HIVE is backing the NVIDIA systems utilizing portion of the proceeds from its $115 cardinal convertible enactment financing completed successful April 2026. Frank Holmes, HIVE’s enforcement chairman, said the concern shows however Canada tin crook its AI probe basal into industrial-scale infrastructure. He said:
Canada helped pioneer modern artificial intelligence. BUZZ HPC is the GPU mill furniture that transforms Canada’s AI ambitions from governmental promises into productive nationalist assets.
HIVE Expands AI Footprint Beyond Canada
The Bell and Cohere concern follows different infrastructure milestone for HIVE. Earlier Thursday, the institution said the Boden Municipal Council approved its acquisition of the Big Boden 32-megawatt information halfway successful Sweden.
HIVE has operated astatine the tract arsenic a tenant since 2018 and has invested astir $100 cardinal successful the region. The institution plans to upgrade the installation to Tier III infrastructure standards to enactment enterprise-scale AI workloads.
HIVE President and CEO Aydin Kilic said the institution has present surpassed its people of $100 cardinal successful contracted HPC revenue. He said:
We expect this NVIDIA GB200 deployment to spell unrecorded successful precocious 2026 to aboriginal 2027, adding astir contracted $70m ARR to our existent realized $35m ARR.
The agreements fortify HIVE’s presumption successful the fast-growing marketplace for sovereign AI infrastructure. They besides amusement however crypto miners are utilizing vigor entree and information halfway expertise to service AI workloads arsenic mining margins go much competitive.
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