secwatch.observer — SEC 8-K summary
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Issuer:     HIVE Digital Technologies Ltd. (HIVE)
CIK:        0001720424
Form:       8-K
Filed at:   2026-08-19T21:17:07+00:00
Accession:  0001062993-26-004522
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720424/000106299326004522/0001062993-26-004522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720424/000106299326004522/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-26-004522

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