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HIVE Signs $220M AI GPU Contract With Bell and Cohere

2026-06-19 12:58:08

HIVE subsidiary BUZZ High Performance Computing signed a three-year AI cloud infrastructure contract worth approximately $220 million with Bell AI Fabric and Cohere. BUZZ HPC will deploy 2,304 Nvidia Grace Blackwell GPUs at Bell's facility in Merritt, British Columbia. The deployment is projected to add approximately $70 million to HIVE's current $35 million in annual recurring revenue.

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