HIVE Digital Technologies just landed the kind of deal that makes its Bitcoin mining origins feel like a previous life. The company’s subsidiary, BUZZ High Performance Computing, has signed a three-year GPU cloud agreement with Bell AI Fabric worth approximately $220 million.
The contract, announced on June 18, 2026, calls for deploying 2,304 NVIDIA Grace Blackwell GPUs at Bell’s facility in Merritt, British Columbia. Operations are expected to go live in late 2026 or early 2027, and once the infrastructure is humming, HIVE expects it to generate roughly $70 million in annual recurring revenue.
The anatomy of the deal
The partnership didn’t materialize overnight. BUZZ HPC and Bell Canada established a preferred partnership back on August 3, 2025, laying the groundwork for integrating NVIDIA GPU clusters with Bell’s national infrastructure.
The new deal brings together a surprisingly deep bench of technology partners. Canadian hardware manufacturer Hypertec is supplying locally built equipment, while Cohere, the enterprise AI company, provides the AI models that will run on the infrastructure. NVIDIA’s Grace Blackwell GPUs serve as the computational backbone.
