Here’s another rewritten version with a tighter, more streamlined financial-news tone:

A GPU cloud agreement with Bell and Cohere further reinforces HIVE’s transition from bitcoin mining into high-performance AI computing.

HIVE Digital Technologies (HIVE) gained 10% in pre-market trading on Thursday after announcing a $220 million, three-year GPU cloud contract with Bell Canada and AI firm Cohere, marking another step in its pivot away from pure-play bitcoin mining.

Under the deal, HIVE’s BUZZ High Performance Computing unit will deploy 2,304 Nvidia Grace Blackwell GPUs at Bell’s AI Fabric facility in Merritt, British Columbia. The system will support Cohere’s enterprise AI models used by Canadian government and corporate customers.

The infrastructure will remain fully based in Canada, aligning with domestic policy goals around AI sovereignty and reduced reliance on foreign systems.

The deployment is expected to go live between late 2026 and early 2027 and is projected to generate around $70 million in annual recurring revenue. Combined with roughly $35 million in existing ARR, HIVE’s contracted HPC revenue now exceeds $100 million, underscoring growing traction in its AI infrastructure strategy.