HIVE Signs $350M GPU Deal, Fueling Edge AI Market Growth

HIVE's BUZZ HPC Secures $350M GPU Cloud Deal to Deploy 2,016 NVIDIA Blackwell Ultra GPUs in Canada

VANCOUVER, British Columbia, Canada — August 17, 2026 — HIVE Digital Technologies Ltd. (TSX: HIVE | NASDAQ: HIVE), through its wholly owned subsidiary BUZZ High Performance Computing Inc. (BUZZ HPC), has signed a five-year GPU cloud services agreement valued at approximately USD 350 million with an investment-grade enterprise customer. The deal, which will deploy 2,016 NVIDIA Blackwell Ultra GPUs at a renewable energy-powered facility in Merritt, British Columbia, signals a significant acceleration in enterprise-grade AI inference infrastructure — a development with direct implications for the global Edge AI Market, which was valued at USD 19.34 billion in 2023 and is projected to reach USD 105.75 billion by 2030, growing at a CAGR of 27.58%, according to Next Move Strategy Consulting.

Under the agreement, BUZZ HPC will deliver a dedicated AI infrastructure cluster consisting of 2,016 NVIDIA Blackwell Ultra GPUs in NVIDIA GB300 NVL72 rack-scale systems, interconnected with NVIDIA Quantum-X800 InfiniBand networking and supported by VAST Data's high-performance storage platform. The system is designed in accordance with NVIDIA's reference architecture to support large-scale AI training, inference, and advanced enterprise workloads.

The contract adds approximately USD 70 million in annualized revenue (ARR) to BUZZ HPC, bringing its total annualized revenue to approximately USD 180 million. The cluster is expected to become operational in Q4 2026 at the Bell AI Fabric facility in Merritt, British Columbia — a site operating entirely on 100% renewable hydroelectric energy and utilizing advanced closed-loop liquid cooling technology that eliminates ongoing water consumption for cooling.

Key Highlights:

• $350 Million Contract Value: The five-year GPU cloud services agreement adds approximately USD 70 million in annualized revenue to BUZZ HPC, bringing its total contracted ARR to approximately USD 180 million, with the company targeting USD 200 million in GPU cloud ARR by year-end 2026.

• NVIDIA Blackwell Ultra GPU Deployment: The dedicated AI infrastructure cluster will consist of 2,016 NVIDIA Blackwell Ultra GPUs in NVIDIA GB300 NVL72 rack-scale systems, interconnected with NVIDIA Quantum-X800 InfiniBand networking — designed to support large-scale AI training and inference workloads at enterprise scale.

• Sustainable AI Infrastructure: The Merritt, British Columbia facility operates entirely on 100% renewable hydroelectric energy and utilizes closed-loop direct liquid cooling technology, reinforcing BUZZ HPC's commitment to delivering high-performance AI compute infrastructure with a reduced environmental footprint.

• Revenue Milestone: At full deployment, HIVE's HPC/AI daily revenue is expected to reach approximately USD 500,000, with capital expenditures associated with the deployment totaling approximately USD 185 million and an upfront customer deposit of approximately USD 35 million.

Analyst Insight:

According to analysts at Next Move Strategy Consulting, the HIVE-BUZZ HPC agreement reflects a broader structural shift in enterprise AI adoption — one in which the demand for high-performance AI inference infrastructure is accelerating at a pace that is directly fueling growth across the Edge AI Market. NMSC analysts note that as enterprises increasingly require dedicated, low-latency AI compute capacity for inference workloads, the convergence of centralized GPU infrastructure and distributed edge AI deployment is intensifying. The large-scale deployment of NVIDIA Blackwell Ultra GPUs, as demonstrated by this agreement, is expected to accelerate the availability of high-performance AI inference capabilities across both cloud and edge environments — driving broader adoption of Edge AI solutions across industrial, automotive, healthcare, and enterprise sectors globally.

Industry Outlook:

The HIVE-BUZZ HPC agreement underscores the accelerating pace of enterprise AI infrastructure investment, with large-scale GPU deployments increasingly becoming a prerequisite for organizations seeking to deploy advanced AI inference capabilities at scale. As the global Edge AI Market continues its rapid expansion — projected to grow from USD 19.34 billion in 2023 to USD 105.75 billion by 2030 at a CAGR of 27.58% — the availability of high-performance, sustainable AI compute infrastructure will play an increasingly critical role in enabling the next generation of edge AI applications. The integration of renewable energy, advanced cooling technology, and NVIDIA accelerated computing in large-scale AI deployments is expected to set a new benchmark for sustainable AI infrastructure, with direct implications for edge AI deployment strategies across industries worldwide. For enterprises and infrastructure providers alike, the ability to deliver scalable, inference-ready, and energy-efficient AI compute capacity will increasingly define competitive positioning in the global Edge AI Market.

Source: Newsfile Corp.

For More Information: Download FREE Sample on Edge AI Market Report

Prepared By: Sanyukta Deb