HIVE $220M AI infrastructure GPU cloud deal wit Bell & Cohere

BUZZ High Performance Computing wey HIVE Digital Technologies get don sign one $220 million, three-year AI infrastructure GPU cloud contract wit Bell Canada and Toronto AI company Cohere. Di deal go deploy 2,304 NVIDIA Grace Blackwell GPUs for Bell data center for Merritt, British Columbia (Canada). HIVE dey expect say dis arrangement go push contracted HPC revenue pass $100 million, add about $70 million for annual recurring revenue (ARR) once dem deploy for late 2026 to early 2027. Dem still talk say dem don dey book about $35 million from im existing GPU operations. Di compute na for Cohere platform wey dey serve Canadian enterprise and government customers, dem frame am as "sovereign AI" infrastructure wey align wit Canada domestic sovereign AI compute goals. Strategically, dis extend HIVE pivot away from Bitcoin mining. After dem redistribute GPU to AI before and take $115 million convertible note to buy hardware, management talk say multi-year, government-backed compute demand dey more stable pass crypto mining. HIVE still dey develop 320MW AI data center near Toronto wey dey target 100,000+ Nvidia GPUs when full build-out complete. Crypto-trader read-through: dis one more likely to support sentiment and valuation for crypto-adjacent miner/AI infrastructure equities than to directly change BTC spot fundamentals, especially because mining profitability dey weaker generally.