BUZZ HPC signs a $220 million GPU contract: mining infrastructure moves to cloud AI
The high-performance computing (HPC) market continues to blur the lines between the crypto industry and the traditional AI sector. BUZZ HPC, a subsidiary of HIVE Digital Technologies, has signed a strategic three-year contract to provide cloud GPU services for Bell Canada and the Cohere platform. The deal is valued at approximately $220 million, making it one of the largest in the hybrid infrastructure segment.
Contract Details and Deployment
Under the agreement, BUZZ HPC will deploy 2,304 NVIDIA Grace Blackwell graphics processors at the Bell AI Fabric facility in British Columbia, Canada. The launch is scheduled for late 2026 to early 2027. This is not just a rental of computing power — it is a full integration of mining infrastructure into the corporate AI ecosystem.
Financial Implications for HIVE
HIVE Digital Technologies is already showing steady growth in contract revenue. The current annual recurring revenue stands at $35 million, but with the new contract, it is expected to increase to $70 million — effectively doubling. At the same time, the company maintains flexibility: the contract allows for scaling capacity based on demand, which is critical in a volatile GPU market.
Expert Analysis
This move is a clear example of how mining companies are repurposing their assets. Instead of relying solely on cryptocurrency mining, HIVE is betting on cloud HPC services that provide stable cash flow and long-term contracts. Given that the NVIDIA Grace Blackwell is a top-tier solution for AI workloads, the deal with Bell Canada and Cohere confirms that miners are becoming key players in the infrastructure race for artificial intelligence. In my view, this is a trend that will only intensify over the next 2-3 years.