News Explorer — Bitcoin Miner HIVE Sees Share Spike After $220 Million AI Deal

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Jun 18, 7:05 pm

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Bitcoin Miner HIVE Sees Share Spike After $220 Million AI Deal

HIVE Digital Technologies secured a $220 million GPU cloud contract with Bell Canada and Cohere, involving 2,304 NVIDIA Grace Blackwell GPUs for AI model training. The deal signifies HIVE's transition from Bitcoin mining to AI infrastructure, aligning with Canada's Sovereign AI Compute Strategy.

HIVE Digital Technologies secured a $220 million GPU cloud contract with Bell Canada and Cohere, involving 2,304 NVIDIA Grace Blackwell GPUs for AI model training. The deal signifies HIVE's transition from Bitcoin mining to AI infrastructure, aligning with Canada's Sovereign AI Compute Strategy.

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