HIVE unit BUZZ HPC signs USD 350 million AI cloud services deal with investment-grade client

Reuters2026/08/17 12:19

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HIVE unit BUZZ HPC signed a five-year GPU cloud services contract with an investment-grade enterprise customer worth about USD 350 million.
Deal lifts BUZZ HPC annualized revenue run-rate by about USD 70 million to about USD 180 million.
USD 35 million of current ARR, about USD 145 million of contracted ARR expected to ramp by Q4 2026.
BUZZ HPC plans to deploy a dedicated AI cluster of 2,016 NVIDIA Blackwell Ultra GPUs at Bell’s Merritt, British Columbia site.
Capex expected at about USD 185 million; customer to prepay about 10% of total contract value, or about USD 35 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HIVE Digital Technologies Ltd. published the original content used to generate this news brief via EQS News (Ref. ID: corporate_2384126_de) on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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HIVE unit BUZZ HPC signs USD 350 million AI cloud services deal with investment-grade client

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