BUZZ Deploys 2,016 Nvidia GPUs Underneath HIVE’s $350M AI Contract
HIVE Digital Applied sciences is deepening its push into synthetic intelligence infrastructure, signing a five-year cloud providers settlement that may deploy greater than 2,000 Nvidia Blackwell Extremely GPUs in Canada.
The contract, secured by way of wholly owned subsidiary BUZZ Excessive Efficiency Computing, carries a complete worth of about $350 million and is predicted to contribute roughly $70 million in annualized income.
That will elevate BUZZ HPC’s complete annualized income to about $180 million. Roughly $35 million is already lively, whereas one other $145 million is contracted and anticipated to return on-line by way of the fourth quarter of 2026. The shopper was described as an investment-grade enterprise however was not recognized.
Nvidia Cluster Targets Giant-Scale AI Workloads
BUZZ HPC will construct a devoted cluster utilizing 2,016 Nvidia Blackwell Extremely GPUs in GB300 NVL72 methods. The deployment may also use Nvidia Quantum-X800 InfiniBand networking and VAST Knowledge storage.
The infrastructure is designed to help large-scale AI coaching, inference, and different enterprise workloads.
The cluster is predicted to start working later this 12 months at Bell’s AI Cloth facility in Merritt, British Columbia. The positioning runs on renewable hydroelectric energy and makes use of closed-loop liquid cooling, eliminating ongoing water consumption for cooling.
HIVE expects complete capital expenditure for the deployment to achieve about $185 million. The corporate plans to fund the remaining deployment by way of beforehand introduced financing and extra tools debt.
AI Income Turns into a Bigger A part of HIVE’s Technique
HIVE will retain possession of the Nvidia infrastructure after the contract ends, giving it the potential to increase the property’ revenue-generating life. As soon as the cluster is absolutely deployed, HIVE expects its HPC and AI enterprise to generate about $500,000 in every day income.
CEO Aydin Kilic mentioned the settlement strikes the corporate nearer to its year-end goal of $200 million in GPU cloud annualized income.
“The five-year time period, anticipated secure money flows from an investment-grade enterprise buyer, and upfront deposit of roughly 10% of complete contract worth help a gorgeous financial and return profile,” Kilic mentioned.
Govt Chairman Frank Holmes framed the enlargement as a part of a broader “dual-engine technique” spanning each ASIC-based digital infrastructure and GPU-based AI computing.
HIVE says it has about 400 megawatts of capability in Canada obtainable for Tier III information middle growth, probably supporting greater than 120,000 GPUs over the following two years.
The deal highlights how crypto infrastructure firms are more and more monetizing their energy and information middle experience by way of longer-term AI contracts, the place income visibility might be far larger than in mining alone.
