BUZZ HPC signs $350M 5-year GPU cloud deal with investment-grade customer

HIVE Digital Technologies Ltd.

Five-year GPU cloud services agreement with investment-grade enterprise customer; $350M TCV, ~$70M annualized revenue.
Deployment: 2,016 NVIDIA Blackwell Ultra GPUs in GB300 NVL72 systems at Bell AI Fabric, Merritt, BC; operational Q4 2026.
Capex ~$185M; customer deposit ~10% ($35M) of TCV; HIVE retains ownership of AI infrastructure.
Total BUZZ HPC ARR ~$180M: ~$35M active today + ~$145M contracted; year-end target $200M ARR.
Funding uses June 2026 0% convertible bond proceeds and debt financing to lever GPU purchase.

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