HIVE Digital secures $220 Million AI deal and expands data center footprint in Sweden

HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) CEO Aydin Kilic joined Steve Darling from Proactive to discuss two major milestones that significantly strengthen the company’s position in the rapidly growing artificial intelligence infrastructure market. The first development is HIVE’s newly announced three-year GPU cloud agreement with Bell Canada and Cohere, valued at approximately $220 million in total contract value. The deployment will utilize more than 2,000 NVIDIA Grace Blackwell GPUs and represents the largest GPU cloud contract in the company’s history. Kilic said the agreement is expected to generate more than $70 million in annual recurring revenue (ARR) and increases HIVE’s total contracted AI-related ARR to more than $100 million, marking a significant step in the company’s transformation into a leading AI infrastructure provider. “This deployment that we have with Bell in the Bell data center with Cohere is five megawatts, and that's expected to throw off over $70 million a year,” Kilic said. The interview also highlighted HIVE’s recent acquisition of the land associated with its long-standing Boden, Sweden facility. The company has operated at the site since 2018 under a municipal lease and now owns the property outright, providing greater strategic flexibility for future expansion. Kilic explained that land ownership is increasingly important as HIVE evaluates opportunities to develop Tier III data center infrastructure, expand GPU cloud services, and support enterprise-scale AI and high-performance computing workloads. The Boden facility is viewed as a key strategic asset that could support substantial future growth as demand for sovereign and renewable-powered AI infrastructure continues to accelerate. HIVE is continuing to build its AI infrastructure platform across Canada, Sweden, and Paraguay, leveraging renewable energy sources and advanced computing technologies to serve enterprise, government, and AI-focused customers. Management believes the Bell-Cohere agreement and the acquisition of the Boden site position the company for significant growth in GPU cloud computing, AI infrastructure services, and next-generation data center operations over the coming years. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #AIInfrastructure #HighPerformanceComputing #HPC #CloudComputing #ArtificialIntelligence #GPUCloud #NVIDIA #DataCenters #AIInfrastructure #CloudComputing #BellCanada #Cohere #HighPerformanceComputing