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HIVE Shares Jump 10% on $220M Canada AI Infrastructure Deal

2026-06-19 05:03:08

Abstract generation in progress

HIVE shares jumped 10% after the company announced a $220 million, three-year GPU cloud contract with Bell Canada and Cohere. The deal is expected to add roughly $70 million in annual recurring revenue. HIVE said the deployment will support Canadian government and corporate AI clients.

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