HIVE Digital Technologies announced its subsidiary, BUZZ High Performance Computing Inc., has entered into a five-year GPU cloud services agreement with an unnamed, investment-grade enterprise customer. The deal involves providing a dedicated AI infrastructure cluster designed for large-scale AI training, inference, and advanced enterprise workloads.

Key Details

  • Contract Value: The agreement has a total estimated value of approximately $350 million over the five-year term, adding about $70 million in annualized revenue.
  • Infrastructure & Timeline: The cluster will consist of 2,016 NVIDIA Blackwell Ultra GPUs and is expected to be deployed in the fourth quarter of 2026 at a facility in British Columbia.
  • Financials: The company anticipates capital expenditures of approximately $185 million for the deployment. The customer has agreed to provide an upfront deposit of roughly $35 million, or 10% of the total contract value.