ChainCatcher report, according to The Block, Bitcoin mining company HIVE Digital Technologies, through its subsidiary BUZZ High-Performance Computing, has signed a five-year GPU cloud services agreement worth approximately $350 million with an undisclosed investment-grade client. The contract is expected to generate approximately $70 million in annualized revenue for HIVE, bringing BUZZ HPC’s total annualized revenue to approximately $180 million.
Bitcoin mining company HIVE signs $350 million AI cloud services contract
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Summary
Bitcoin news: HIVE Digital Technologies has signed a $350 million GPU cloud services agreement through BUZZ High Performance Computing. The five-year contract with an investment-grade client is expected to generate $70 million in annualized revenue. AI + crypto news: The deal increases BUZZ HPC’s total annualized revenue to approximately $180 million.
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