Here’s another rewrite with a more concise, polished market-news style:
A GPU cloud contract with Bell and Cohere further accelerates HIVE’s shift from bitcoin mining into high-performance AI computing.
HIVE Digital Technologies (HIVE) rose 10% in pre-market trading on Thursday after announcing a $220 million, three-year GPU cloud agreement with Bell Canada and AI firm Cohere, marking another step in its transition away from pure-play bitcoin mining.
Under the deal, HIVE’s BUZZ High Performance Computing division will deploy 2,304 Nvidia Grace Blackwell GPUs at Bell’s AI Fabric facility in Merritt, British Columbia. The infrastructure will power Cohere’s enterprise AI models used by Canadian government and corporate clients.
All infrastructure will remain located in Canada, aligning with national efforts to keep critical AI systems under domestic control.
The deployment is expected to go live between late 2026 and early 2027 and is projected to generate about $70 million in annual recurring revenue. Combined with roughly $35 million in current ARR, HIVE’s contracted HPC revenue now exceeds $100 million, signaling increasing momentum in its AI infrastructure pivot.
