Hive Digital Technologies has signed a $220 million Canadian sovereign AI infrastructure agreement—a GPU cloud contract developed in partnership with Bell and Cohere—to drive Hive Digital Technologies’ transition from Bitcoin mining to high-performance AI computing.
Hive Signs $220M Canadian AI Infrastructure Deal, Shares Rise 10%
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Summary
Hive Digital Technologies announced a $220 million Canadian AI infrastructure deal, boosting its shares by 10%. The GPU cloud project, developed in partnership with Bell and Cohere, marks Hive’s transition from Bitcoin mining to AI computing. This move aligns with growing interest in AI and cryptocurrency news, as well as digital asset developments. The contract supports Canada’s AI ambitions and expands Hive’s presence in high-performance computing.
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