Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
Bitcoin Mining firm HIVE signs a $220 million AI GPU contract with Bell; annual revenue is expected to increase by $70 million
Svmuu News Bitcoin BUZZ High Performance Computing, a subsidiary of mining company HIVE, has signed a three-year, approximately $220 million sovereign AI cloud infrastructure contract with Bell AI Fabric and Cohere.Under the contract, BUZZ HPC will deploy a cluster comprising 2,304 NVIDIA Grace Blackwell GPUs at Bell’s facility in Merritt, British Columbia. Funding for these Blackwell systems comes from the company’s $115 million convertible note financing completed in April.The deployment is expected to go live between late 2026 and early 2027, at which point it will add approximately $70 million to the company’s current annual recurring revenue of $35 million.Additionally, HIVE has received approval to acquire a 32-megawatt data center from Sweden’s Big Boden and plans to upgrade it to support enterprise-grade AI workloads. (The Block)
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice. If you find any violations, please Click to Report
24H Trending
-
Binance Seven U-denominated perpetual contracts, including LRCX and KLAC, will be launched
-
Gate's Stock Contracts Section Launches Trading for 8 Perpetual Contracts, Including ADSK (Autodesk) and BKNG (Booking.com Holdings)
-
Learn More About the ALTHEA Token (ALTH) and Its Decentralized Network
-
The OKX DEX xStocks Trading Competition is currently underway, with a total prize pool of 300,000 USDC
-
Morgan Stanley Updates Ethereum and Solana ETF Filings, Proposing a 0.14% Fee
-
Record-High AI-Driven Leveraged Bets in Asia: SK Hynix’s 2x Long ETF in South Korea Reaches $13 Billion in Assets Under Management
-
A "smart money" investor bet $320,000 on Argentina to beat Austria in the World Cup group stage
-
Market News: U.S. Vice President Vance is set to deliver a speech in Switzerland following his first round of talks with Iran
-
Mainland China’s Dogecoin Trading Platform: Current Status—Regulatory Policies and Global Mainstream Options
-
Iranian media report that Iran-U.S. negotiations have resulted in five key points
Recommended Reading





