HIVE Digital Secures $350M GPU Deal, Shifting From Bitcoin Mining

Woofun AI reports that HIVE Digital has accelerated its strategic pivot toward artificial intelligence by securing a major infrastructure agreement through its subsidiary BUZZ HPC. The company is leveraging its existing data center capacity, originally built for Bitcoin mining, to serve high-performance computing demands.

The financial structure of the agreement involves a five-year term valued at $350 million, with an investment-grade corporate client as the counterparty. This contract is projected to generate approximately $70 million in annual revenue, which will elevate BUZZ HPC's total annual recurring revenue to roughly $180 million.

Woofun AI data shows this influx significantly stabilizes the subsidiary's income profile against market fluctuations.

Technically, the deployment centers on a dedicated cluster of 2,016 Nvidia Blackwell Ultra GPUs. These units are scheduled to come online in the fourth quarter of this year, providing substantial compute power for the client. The hardware specification underscores the company's commitment to high-end AI infrastructure rather than legacy mining equipment.

This transaction follows a separate three-year, $220 million AI cloud contract signed in June, indicating a consistent pattern of growth in the sector. The shift away from pure Bitcoin mining toward serving investment-grade corporate clients reflects a broader industry trend where miners repurpose energy assets for more predictable revenue streams.

The deal positions HIVE Digital as a diversified digital infrastructure provider, reducing its exposure to volatile cryptocurrency prices. By securing long-term contracts in the competitive cloud services market, the company demonstrates operational resilience and appeals to investors seeking stability over speculative mining yields.