Bitcoin miner-turned-AI infrastructure provider HIVE Digital Technologies has finalized a three-year sovereign cloud infrastructure contract valued at approximately $220 million to provide high-performance compute capacity within the Canadian market.
The agreement was executed by HIVE's wholly owned BUZZ High Performance Computing unit and combines Bell AI Fabric's data center and connectivity network, Cohere's enterprise AI models and BUZZ HPC's GPU cloud infrastructure into a Canadian AI stack designed for enterprise and government customers, according to a company statement on Thursday.
HIVE said the infrastructure comprises 2,304 Nvidia Grace Blackwell GPUs as part of Nvidia GB200 NVL72 rack-scale systems, interconnected with Nvidia Quantum InfiniBand networking and utilizing liquid cooling.
BUZZ HPC will deploy the sovereign AI cloud and GPU cluster at Bell's facility in Merritt, British Columbia. The AI factories are powered by renewable energy and designed for ultra-low power usage effectiveness, per the statement.
The company said it is funding the acquisition of the Blackwell systems with a portion of the proceeds from its $115 million convertible note financing completed in April. HIVE added that the partnership aligns with Canada's federal AI strategy by combining domestic connectivity, compute infrastructure and AI models while keeping data under Canadian control.
