HIVE Digital secures $220M AI infrastructure deal with Bell and Cohere
HIVE Digital Technologies secured a three-year, $220 million GPU cloud contract with Bell Canada and AI firm Cohere to build a sovereign Canadian AI platform. The deal involves deploying 2,304 NVIDIA Grace Blackwell GPUs at Bell’s British Columbia facility, powered by renewable energy. Expected operational by early 2027, it will add ~$70 million in annual revenue for HIVE. The partnership supports Canada’s push for data sovereignty and reduces reliance on foreign-controlled AI technologies.
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HIVE Digital's Buzz HPC Partners with Bell and Cohere for Canadian Sovereign AI Factory
HIVE Digital Technologies subsidiary Buzz HPC has joined Bell Canada, Cohere, and Hypertec in a Canadian sovereign AI infrastructure initiative. CEO Craig Tavares explained that the collaboration, stemming from Bell's AI Fabric initiative, aims to create a fully domestic AI ecosystem for enterprise, government, and research use. Bell provides data center capacity, connectivity, and cybersecurity; Cohere offers enterprise AI models; Hypertec supplies Canadian-built AI hardware; and Buzz HPC delivers the AI-native GPU cloud layer, forming an 'AI factory.' The initiative addresses demand for sovereign AI to meet regulatory and security requirements. Buzz HPC is expanding across British Columbia, Manitoba, and the Greater Toronto Area, with a planned AI gigafactory in the GTA expected to host over 100,000 GPUs, plus edge infrastructure in Toronto and upgrades in New Brunswick.
Yahoo FinanceHIVE Digital Technologies' Buzz HPC joins Bell and Cohere for Canadian AI factory
HIVE Digital Technologies subsidiary Buzz HPC participated in a newly announced Canadian sovereign AI infrastructure initiative alongside Bell Canada, Cohere, and Hypertec. In an interview with Proactive, Buzz HPC CEO Craig Tavares explained that the collaboration extends Bell Canada's Bell AI Fabric initiative, aiming to create a fully domestic AI ecosystem for enterprise, government, and research use. Bell provides data center capacity, connectivity, and cybersecurity; Cohere offers enterprise AI models; Hypertec integrates Canadian-built AI hardware. Buzz HPC delivers the AI-native GPU cloud layer, forming an 'AI factory.' The initiative addresses demand for sovereign AI infrastructure to meet regulatory and security requirements. Tavares also highlighted expansion across British Columbia, Manitoba, and the Greater Toronto Area, including a planned AI gigafactory with over 100,000 GPUs.
Yahoo FinanceHIVE Digital Technologies Stock Jumps 20% on Positive AI Research Results
Shares of HIVE Digital Technologies surged 20% after the company announced positive research results from Columbia University using its GPU cluster in Paraguay. The research, submitted to the NeurIPS conference, demonstrated that HIVE's Nvidia A40 GPUs performed comparably to newer systems for certain AI workloads. HIVE, a Bitcoin miner turned AI infrastructure provider, operates 300 megawatts of hydro-powered infrastructure in Paraguay with an additional 100 megawatts under development. The company also revealed plans for a 320-megawatt AI gigafactory in Toronto and recently secured a three-year, $220 million AI cloud contract with Bell Canada and Cohere, expected to add $70 million in annual recurring revenue. HIVE stock has gained 204% over the past 12 months, trading at $5.07 per share.
Yahoo FinanceHIVE's BUZZ HPC Secures $220M GPU Cloud Contract for Sovereign AI Infrastructure
HIVE Digital Technologies' subsidiary BUZZ HPC secured a three-year, $220 million GPU cloud contract to provide HPC infrastructure for Bell Canada and Cohere Inc., establishing an integrated Canadian AI stack. The project uses 2,304 NVIDIA Grace Blackwell GPUs deployed at Bell's facility in Merritt, British Columbia, powered by renewable energy and liquid cooling. It aims to deliver sovereign AI solutions for Canadian government and corporate customers, ensuring data security and operational control within Canada. The initiative is funded by a recent $115 million convertible note and involves a bespoke server solution from Hypertec. This positions BUZZ HPC as a key provider in Canada's national AI ecosystem.
Yahoo FinanceHIVE’s BUZZ HPC Secures $220M GPU Cloud Contract for Sovereign AI Infrastructure
On June 18, 2026, HIVE Digital Technologies' subsidiary BUZZ HPC secured a three-year, $220 million GPU cloud contract to provide high-performance computing infrastructure for Bell Canada and Cohere Inc. The project aims to establish an integrated Canadian AI stack using 2,304 NVIDIA Grace Blackwell GPUs, delivering sovereign AI solutions for domestic government and corporate enterprise customers. The infrastructure will be deployed at Bell's facility in Merritt, British Columbia, utilizing renewable energy and advanced liquid cooling to ensure low power usage. By keeping compute and data within Canadian borders, the partnership supports national AI strategies focused on data security, sovereignty, and operational control. The initiative is funded by a recent $115 million convertible note and involves a bespoke server solution from Hypertec. HIVE Digital Technologies builds and operates green-energy-powered data centers for cryptocurrency mining and HPC to support AI workloads.
Yahoo FinanceHIVE Digital Technologies signs $220 million GPU cloud deal with Bell Canada and Cohere for sovereign AI platform
HIVE Digital Technologies, through its subsidiary BUZZ HPC, announced a three-year, $220 million GPU cloud contract with Bell Canada and Cohere to build a sovereign Canadian AI platform. The deal involves deploying 2,304 NVIDIA Grace Blackwell GPUs at Bell's facility in Merritt, British Columbia, using renewable energy and liquid cooling. Cohere will provide enterprise-grade AI models, while Bell supplies connectivity and data center infrastructure. HIVE is funding the NVIDIA systems via its $115 million convertible note financing. Hypertec will integrate the hardware. The deployment is expected to go live between late 2026 and early 2027, adding approximately $70 million in annual recurring revenue to HIVE's HPC business. CEO Aydin Kilic emphasized this infrastructure is essential for the AI revolution, comparing it to factories for the industrial revolution.
Yahoo FinanceHIVE Stock Surges on $220 Million AI Infrastructure Deal with Bell Canada and Cohere
HIVE Digital Technologies' stock rose over 7% after announcing a $220 million, three-year GPU cloud contract with Bell Canada and AI firm Cohere, marking its largest deal yet. The contract involves 2,304 NVIDIA Grace Blackwell GPUs installed at Bell's data center in Merritt, British Columbia. Cohere will use the compute layer for enterprise and government AI platforms under Canada's 'sovereign AI' strategy. HIVE expects $70 million in new annual recurring revenue from the deal, plus existing $35 million from GPU operations. The company is also building a 320-megawatt AI data center near Toronto for over 100,000 Nvidia GPUs, targeting $660 million in annualized HPC revenue.
Yahoo FinanceHIVE Digital's Stock Surges 12% on $220 Million Investment from Bell Canada and Cohere
HIVE Digital's stock jumped 12% on June 18, 2026, after securing a $220 million U.S. investment from Bell Canada and AI firm Cohere. Under a three-year deal, HIVE's high-performance computing unit will deploy 2,304 Nvidia processors at Bell's AI facility in British Columbia, providing dedicated computing capacity for Cohere's enterprise AI models serving Canada's federal government and corporate clients. The project is expected to be operational by early 2027 and add roughly $70 million in annual recurring revenue to HIVE Digital. HIVE's contracted HPC revenue now exceeds $100 million U.S., signaling a successful pivot from Bitcoin mining to data center operations. The stock had already risen 125% in the past 12 months to $3.97 U.S. per share.
Yahoo FinanceHIVE Digital's Stock Jumps 12% On $220 Million Investment
HIVE Digital's stock surged 12% after securing a $220 million U.S. investment from Bell Canada and AI firm Cohere. The three-year deal will see HIVE deploy 2,304 Nvidia processors at Bell's AI facility in British Columbia, providing dedicated computing capacity for Cohere's enterprise AI models serving Canada's federal government and corporate clients. All infrastructure will remain on Canadian soil, supporting Ottawa's push to reduce reliance on foreign-controlled AI technologies. The project is expected to be operational by early 2027, adding roughly $70 million U.S. in annual recurring revenue. HIVE's contracted HPC revenue now exceeds $100 million, signaling a successful pivot from Bitcoin mining to data centre operations. Prior to the announcement, HIVE's stock had risen 125% over the past 12 months to $3.97 U.S. per share.
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