HIVE's BUZZ HPC Signs $350 Million AI Cloud Services Agreement with Investment-Grade Enterprise Customer
HIVE's subsidiary BUZZ HPC signed a five-year, $350 million GPU cloud services agreement with an investment-grade enterprise customer, adding approximately $70 million in annualized revenue. The deal increases BUZZ HPC's total ARR to approximately $180 million and involves deploying a dedicated cluster of 2,016 NVIDIA Blackwell Ultra GPUs at the Bell AI Fabric facility in Merritt, BC.
Key figures
- Deal Value Usd
- 350000000
- Tcv
- $350 million
- Capex
- $185 million
- Gpu count
- 2016
- Total arr
- $180 million
- Arr increment
- $70 million
- Upfront deposit
- $35 million
- Daily revenue target
- $500,000
AI analysis
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