HIVE unit BUZZ HPC signs 5-year GPU cloud services deal worth USD 350 million
Reuters2026/08/19 21:20- HIVE’s BUZZ HPC signed a five-year GPU cloud services deal with an investment-grade enterprise customer worth about USD 350 million.
- Contract implies about USD 70 million of annualized revenue; BUZZ HPC annualized revenue rises to about USD 180 million.
- Deployment includes 2,016 NVIDIA Blackwell Ultra GPUs; cluster expected to go live later this year at Bell’s Merritt, British Columbia facility.
- Expected capex totals about USD 185 million; customer to pay an upfront deposit of about USD 35 million.
- GPU infrastructure delivery and deployment targeted for calendar Q4; HPC/AI daily revenue projected at about USD 500,000.
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.
You may also like
Valuation exceeds 16 billions USD! "AI Ring" Oura could launch IPO as early as September
Smart ring leader Oura is expected to file for a US IPO as early as September, targeting a valuation of over $16 billion, a 45% surge from its Series E round valuation less than a year ago. Its confidence stems from impressive growth—sales doubled in 15 months, and revenue is projected to reach $1.5 billion in 2026, three times the figure for 2024. However, with Apple and Samsung entering the market, whether Oura can maintain its first-mover advantage will be the industry's biggest focus.
WM declares quarterly cash dividend of $0.945 a share
Novo Resources highlights A$38 million funding runway in investor presentation
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
