HIVE Digital Technologies, through its subsidiary BUZZ HPC, is repurposing Bitcoin mining facilities into GPU cloud services for artificial intelligence. The company has signed two contracts worth approximately $570 million Canadian: a three-year deal with Bell AI Fabric for $220 million deploying 2,304 NVIDIA Grace Blackwell GPUs for Cohere Inc., and a five-year contract worth $350 million with an unnamed client for 2,016 NVIDIA GB300 GPUs. BUZZ HPC targets annual recurring revenue of approximately $180 million by September 2026, after achieving average daily revenue exceeding $1 million on September 10, 2026. The company also plans to build a 320 MW AI gigafactory in the Greater Toronto Area with an estimated investment of CAD $3.5 billion, expected to come online in the second half of 2027.
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