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HIVE’s CA$30 Million AI Contracts Test Shift Beyond Crypto Mining

HIVE’s CA$30 Million AI Contracts Test Shift Beyond Crypto Mining

  • HIVE Digital Technologies’ BUZZ high-performance computing division has secured about CA$30 million in long-term AI cloud customer contracts.
  • These multi-year agreements support the rollout of a large GPU cluster at HIVE’s Manitoba facility in Canada.
  • The move reflects HIVE’s shift toward a twin focus on hashrate services and AI infrastructure alongside its crypto mining operations.

For a company better known for crypto mining, TSXV:HIVE is putting more weight behind AI infrastructure at a time when its share price sits at CA$3.03. The stock has seen a 36.3% decline over the past 30 days and a 24.4% decline over the past year, so this contract win comes against a backdrop of recent share price pressure. The new AI cloud deals give…

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