HIVE Secures $220M AI Infrastructure Deal with Bell Canada

Crypto mining company HIVE Digital Technologies has secured a significant contract to provide AI infrastructure for Bell Canada's Bell AI Fabric initiative and enterprise AI company Cohere. The three-year agreement is valued at $220 million.

The deal marks a major milestone in the industry's transition from traditional Bitcoin mining to artificial intelligence and high-performance computing services.

HIVE will deploy 2,304 NVIDIA GPUs as part of the contract, which will be located inside a Bell Canada data center in British Columbia. The infrastructure is expected to generate approximately $70 million in annual recurring revenue and over $100 million in total contracted HPC revenue.