Bitcoin miner HIVE inks $220 million AI GPU deal with Bell, expects $70 million annual revenue
The Block·
60-second summary
HIVE is finalizing a $220 million sovereign cloud contract to deploy 2,304 NVIDIA Blackwell GPUs across Canada by early 2027, expecting $70 million annual revenue. This deal will significantly boost HIVE's computing power, potentially enhancing its mining capabilities and competitiveness in the market, as the company seeks to maximize its revenue and market share in the crypto mining industry.
HIVE finalized a $220 million sovereign cloud contract to deploy 2,304 NVIDIA Blackwell GPUs across Canada by early 2027.