HIVE secures $220M AI cloud contract with Bell Canada and Cohere

⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: HIVE Secures $220 Million AI Cloud Deal With Bell Canada and Cohere - $HIVE $BCE 👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: ➤ 𝐇𝐈𝐕𝐄 signed a 𝟑-𝐲𝐞𝐚𝐫 GPU cloud contract valued at approximately 𝐔𝐒$𝟐𝟐𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧. ➤ Agreement involves 𝐁𝐞𝐥𝐥 𝐂𝐚𝐧𝐚𝐝𝐚, 𝐂𝐨𝐡𝐞𝐫𝐞, and HIVE subsidiary 𝐁𝐔𝐙𝐙 𝐇𝐏𝐂. ➤ BUZZ HPC will deploy 𝟐,𝟑𝟎𝟒 NVIDIA Grace Blackwell GPUs in GB200 NVL72 systems. ➤ Infrastructure will be hosted at Bell's data center in 𝐌𝐞𝐫𝐫𝐢𝐭𝐭, 𝐁𝐫𝐢𝐭𝐢𝐬𝐡 𝐂𝐨𝐥𝐮𝐦𝐛𝐢𝐚. ➤ System will utilize 𝐍𝐕𝐈𝐃𝐈𝐀 𝐐𝐮𝐚𝐧𝐭𝐮𝐦 𝐈𝐧𝐟𝐢𝐁𝐚𝐧𝐝 networking and liquid cooling technology. ➤ 𝐂𝐨𝐡𝐞𝐫𝐞 will run foundation models and enterprise AI solutions on the platform. ➤ 𝐇𝐲𝐩𝐞𝐫𝐭𝐞𝐜 will provide server hardware, integration, installation, and commissioning services. ➤ HIVE is funding the GPU purchase using proceeds from its 𝐔𝐒$𝟏𝟏𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 convertible note financing. ➤ Deployment is expected to launch in 𝐥𝐚𝐭𝐞 𝟐𝟎𝟐𝟔 𝐭𝐨 𝐞𝐚𝐫𝐥𝐲 𝟐𝟎𝟐𝟕. ➤ Project is expected to add approximately 𝐔𝐒$𝟕𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in annual recurring revenue. 👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: ➤ Contract significantly expands HIVE's 𝐀𝐈 𝐜𝐥𝐨𝐮𝐝 and HPC business. ➤ Expected revenue uplift could nearly 𝐭𝐫𝐢𝐩𝐥𝐞 current contracted HPC revenue. ➤ Partnership strengthens Canada's domestic 𝐀𝐈 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 and sovereign computing capabilities. 👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭: ➤ "This deployment brings together Canadian connectivity and compute, in Canadian data centres, running Canadian AI foundational models." — 𝐀𝐲𝐝𝐢𝐧 𝐊𝐢𝐥𝐢𝐜, President and CEO of HIVE Digital Technologies.