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HIVE's BUZZ HPC Converts Mining Facility to AI Computing Power, Orders Approximately $570 Million

On October 6, CryptoBriefing reported that Bitcoin mining company HIVE Digital Technologies, through its subsidiary BUZZ HPC, is transforming its infrastructure originally used for mining into GPU cloud services. In June, the company signed a three-year agreement worth approximately $220 million with Bell AI Fabric to deploy 2,304 NVIDIA Grace Blackwell GPUs for Cohere. In August, it signed a five-year agreement worth approximately $350 million with an unnamed company, involving 2,016 GB300 GPUs, totaling about $570 million. HIVE plans to build a 320-megawatt AI super factory in the Toronto area, expected to be operational in the second half of 2027, with an investment of approximately CAD 3.5 billion.

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