Decrypt·16h ago·positive

Bitcoin Miner HIVE Lands $220M AI Deal With Bell Canada and Cohere

Bitcoin miner HIVE Digital Technologies signed a $220 million GPU cloud contract with Bell Canada and AI firm Cohere, deploying 2,304 NVIDIA Grace Blackwell GPUs. The deal pushes HIVE's contracted AI revenue past $100 million and its stock rose 7%.

Three-year contract through HIVE's BUZZ HPC subsidiary with Bell Canada and Cohere
Deploys 2,304 NVIDIA Grace Blackwell GPUs at Bell's data center in British Columbia
Expected to add $70 million in new annual recurring revenue once live
HIVE stock climbed over 7% on the TSX following the announcement
The deal is the latest step in HIVE's pivot from Bitcoin mining to AI infrastructure

markettechImpact 5/10

Why our editor rated this positive

A Bitcoin miner successfully diversifying into AI infrastructure shows crypto companies can build sustainable business models beyond mining, which is positive for the industry.

Read the full story at Decrypt

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

Last updated 19 Jun 2026

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