HIVE Digital Technologies announced a significant five-year, $350 million GPU cloud services agreement, expected to add $70 million in annualized revenue. This deal, involving 2,016 NVIDIA Blackwell Ultra GPUs, substantially boosts the company's contracted AI infrastructure revenue and is a strong positive catalyst.
HIVE Digital Technologies secured a substantial five-year, $350 million GPU cloud services agreement with an investment-grade enterprise customer. This deal is a major positive catalyst, as it's expected to add $70 million in annualized revenue, significantly increasing BUZZ HPC's total annualized revenue to $180 million. The deployment of 2,016 NVIDIA Blackwell Ultra GPUs highlights HIVE's expansion into high-demand AI infrastructure. This news led to an 8% jump in HIVE's premarket trading, indicating strong investor confidence. For traders, this represents a significant long-term opportunity for HIVE, though short-term technical resistance levels around $3.00 need to be monitored for sustained upward momentum.