Cryptocurrency18 Jun 2026SEO 801 min read

Analysis: Hive shares jumps 10% on $220m Canada sovereign AI infrastructure deal

GPU cloud contract with Bell and Cohere strengthens HIVE's shift from bitcoin mining to high performance AI computing. The $220 million deal will see HIVE…

GPU cloud contract with Bell and Cohere strengthens HIVE's shift from bitcoin mining to high performance AI computing. The $220 million deal will see HIVE provide sovereign AI computing infrastructure in Canada through a deployment of more than 2,300 Nvidia GPUs. The agreement is expected to add roughly $70 million in annual recurring revenue, pushing HIVE's contracted HPC revenue above $100 million. HIVE Digital Technologies (HIVE) shares jumped 10% in pre-market trading on Thursday…

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