HIVE Lands $220M AI Deal, Shares Soar Over 5% in Response

WHO:

Cointelegraph - HIVE Digital Technologies (HIVE), Bell Canada, Cohere

WHAT:

NewsBTC - HIVE Digital will deploy sovereign Nvidia Blackwell GPUs for enterprise AI compute as part of the $220 million deal.

Cointelegraph - HIVE secured a $220 million AI infrastructure contract.

Techmeme - HIVE's stock jumped over 5% following the announcement of the contract.

Techmeme - The contract is a three-year GPU cloud agreement.

Cointelegraph - The deal is expected to add approximately $70 million in annual recurring revenue.

WHERE:

Techmeme - The contract involves Bell Canada.

WHEN:

Techmeme - The contract spans three years.

WHY:

Techmeme - HIVE is pivoting from bitcoin mining to focus on AI operations.

HOW:

NewsBTC - The contract involves the deployment of Nvidia Blackwell GPUs specifically for AI computing purposes.

Techmeme - The contract involves GPU cloud services.

(UPDATED June 19, 2026 06:44 UTC)

HIVE Digital has announced a significant $220 million deal to deploy sovereign Nvidia Blackwell GPUs for enterprise AI computing. This contract focuses on utilizing these advanced GPUs specifically for AI computing applications. The move marks a major step forward in enhancing HIVE Digital's capabilities in the rapidly evolving field of artificial intelligence.

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(UPDATED June 18, 2026 21:43 UTC)

HIVE Digital Technologies has secured a significant $220 million AI infrastructure contract with Bell Canada, marking a strategic pivot from bitcoin mining to AI operations. Following the announcement, HIVE's stock surged over 5%, reflecting investor confidence in the three-year GPU cloud agreement, which is projected to generate around $70 million in annual recurring revenue. This deal highlights the growing demand for AI services and positions HIVE to capitalize on the expanding market.