HIVE AI GPU Deal Secures $220 Million, Projects $70 Million Annual Revenue

HIVE AI GPU Deal Boosts Canadian Cloud Capacity

The $220 million sovereign‑cloud contract signed by Bitcoin miner HIVE marks a landmark HIVE AI GPU deal that will see 2,304 NVIDIA Blackwell GPUs deployed across Canada by early 2027. ↑ $220 million investment is expected to generate ↑ $70 million in annual revenue once the hardware is fully operational. According to Reuters, the partnership aligns with North America’s push for AI‑ready infrastructure.

“This partnership accelerates our transition to AI‑ready infrastructure,” said HIVE’s chief executive.

The deal follows a post‑pandemic surge in demand for decentralized computing power, a trend noted by Bloomberg. Analysts project that the added capacity could lift HIVE’s market share in the crypto mining sector by double‑digits.

Dispatch from: Chloe Winters

Venture Capital & Innovation Reporter