HIVE Stock Spikes as Bitcoin Miner Lands $220M AI Infra Deal
Decrypt·
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HIVE stock is currently spiking as the company, a prominent crypto miner, has secured a $220 million three-year GPU contract with Bell Canada and Cohere, a Canadian AI startup. This deal marks a significant milestone for Canada's AI ambitions, as the country seeks to develop and own its own AI systems, driving growth in the global AI infrastructure market.
The crypto miner has signed a landmark three-year GPU contract with Bell Canada and Cohere—as Canada races to build AI systems it actually owns.