HIVE Digital Technologies (NASDAQ:HIVE) has secured a $350 million AI cloud services agreement through its BUZZ HPC subsidiary, adding about $70 million in annualized revenue under a five-year contract with an investment-grade enterprise customer.
The deal increases BUZZ HPC's total annualized revenue to approximately $180 million and commits HIVE to deploying a new 2,016-GPU AI infrastructure cluster later in 2026, making execution and financing of that buildout key areas for investors to monitor.
The $350 million AI cloud services agreement provides BUZZ HPC with five years of contracted revenue visibility from an investment-grade enterprise customer.
HIVE (NASDAQ:HIVE) says the contract adds approximately $70 million of ARR, taking total BUZZ HPC annualized revenue to roughly $180 million.
Around $145 million of BUZZ HPC's total contracted ARR is expected to come online through Q4 2026, compared with approximately $35 million of active, realized ARR today.
#approximately #NASDAQ #cloud #Services
The deal increases BUZZ HPC's total annualized revenue to approximately $180 million and commits HIVE to deploying a new 2,016-GPU AI infrastructure cluster later in 2026, making execution and financing of that buildout key areas for investors to monitor.
The $350 million AI cloud services agreement provides BUZZ HPC with five years of contracted revenue visibility from an investment-grade enterprise customer.
HIVE (NASDAQ:HIVE) says the contract adds approximately $70 million of ARR, taking total BUZZ HPC annualized revenue to roughly $180 million.
Around $145 million of BUZZ HPC's total contracted ARR is expected to come online through Q4 2026, compared with approximately $35 million of active, realized ARR today.
#approximately #NASDAQ #cloud #Services
2 months ago
