BUZZ HPC signed $350 million agreement for five-year GPU cloud services

HIVE Digital Technologies subsidiary BUZZ HPC has secured a landmark five-year GPU cloud services agreement valued at $350 million with an investment-grade enterprise customer. The infrastructure will feature 2,016 NVIDIA Blackwell Ultra GPUs deployed at the Bell AI Fabric facility in Merritt, British Columbia.

HIVE Digital Technologies Ltd., acting through its wholly owned subsidiary BUZZ High Performance Computing Inc., has secured a major five-year GPU cloud services agreement with an investment-grade enterprise customer. The contract represents approximately $350 million in total contract value over its five-year term and is expected to contribute $70 million in annualized recurring revenue once fully deployed. Under the terms of the agreement, BUZZ HPC will construct and manage a dedicated artificial intelligence infrastructure cluster featuring 2,016 NVIDIA Blackwell Ultra GPUs housed within NVIDIA GB300 NVL72 rack-scale systems. The high-performance deployment will be supported by NVIDIA Quantum-X800 InfiniBand networking and VAST Data storage architecture at the Bell AI Fabric facility in Merritt, British Columbia, Canada.

BUZZ HPC specializes in delivering sovereign AI cloud solutions and sustainable high-performance computing infrastructure powered by renewable energy. Parent company HIVE Digital Technologies Ltd. operates green energy data centers supporting both digital asset mining and AI compute workloads across North America and Europe. This agreement represents a key strategic step in BUZZ HPC’s expansion, boosting its total annualized recurring revenue portfolio to approximately $180 million and bringing daily high-performance computing revenue to roughly $0.50 million upon Q4 2026 deployment.

The multi-year commercial commitment underscores the accelerating enterprise demand for dedicated, sovereign AI infrastructure capable of supporting complex model training and inference workloads. Capital expenditures for the deployment are projected at $185 million, partially offset by an upfront 10% customer deposit of $35 million. Operated entirely on 100% renewable hydroelectric power with closed-loop direct liquid cooling technology, the Merritt site highlights the industry's shift toward energy-efficient, environmentally sustainable data center operations.

For institutional investors and digital infrastructure markets, the transaction reflects the growing commercial viable crossover between digital asset infrastructure providers and high-performance enterprise AI cloud services. By leveraging existing renewable power capacity and securing long-term contracted cash flows, HIVE positions itself to expand its sovereign AI footprint in Canada while delivering steady long-term capital returns.