HIVE Digital Technologies Soars 11% on $350M GPU Cloud Contract, Cipher Mining Ticks Up
The five-year deal is expected to add $70 million in annualized revenue and lift BUZZ HPC closer to a $200 million ARR target.
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8 Articles
HIVE Digital Technologies Soars 11% on $350M GPU Cloud Contract, Cipher Mining Ticks Up
HIVE Digital Technologies (NASDAQ:HIVE) shares are up 11% to $2.98 in midday trading Monday, jumping from Friday’s $2.69 close after the bitcoin miner unveiled its largest AI contract to date. The catalyst is company-specific, keeping peer names and the broader miner group largely flat. HIVE stock remains down 16% for the month, though it’s still ... HIVE Digital Technologies Soars 11% on $350M GPU Cloud Contract, Cipher Mining Ticks Up
Bitcoin Miner HIVE’s BUZZ Signs $350M AI Cloud Deal, Targets $500K Daily Revenue
TL;DR: BUZZ HPC, a subsidiary of HIVE Digital Technologies, signed a five-year, $350 million cloud computing contract for artificial intelligence. The agreement includes the deployment of 2,016 NVIDIA Blackwell Ultra graphic processing units at the Merritt facility in British Columbia. The company posted $79.1 million in total revenue during its most recent fiscal quarter, of which $7.1 million came from the high-performance computing segment. …
HIVE Digital Technologies reports $79.1M in Q1 fiscal 2027 revenue as Bitcoin mining and AI segments surge
HIVE's revenue growth highlights the increasing significance of digital currency and AI sectors, potentially reshaping tech investment trends. The post HIVE Digital Technologies reports $79.1M in Q1 fiscal 2027 revenue as Bitcoin mining and AI segments surge appeared first on Crypto Briefing.
HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE) Makes TSX Top Gainer List on News of $350 Million AI Cloud Services Agreement
HIVE Digital Technologies (TSX: HIVE) (NASDAQ: HIVE) tops the TSX gainer list after subsidiary BUZZ HPC signs a five-year, $350 million AI cloud services agreement with an investment-grade enterprise customer.
Bitcoin Miner HIVE Has a $350M AI Deal But Still Has to Deliver
Tl;DR HIVE signed a five-year AI cloud contract worth about $350 million, adding roughly $70 million in annualized revenue. Only $35 million of BUZZ HPC’s $180 million annualized revenue is active today; $145 million is contracted for deployment through Q4 2026. The new GPU cluster requires about $185 million in capital expenditure, partly supported by a planned $35 million customer deposit. Bitcoin mining generated $72.1 million of HIVE’s $79.…
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