Hive Digital Secures $220M Deal to Deploy 2,304 Nvidia Processors in AI Facility
NVDA•President Trump spotlighted Nvidia’s participation in U.S. chipmaking initiatives alongside Intel and Apple domestic production plans. Hive Digital also secured a $220 million investment to deploy 2,304 Nvidia processors at Bell Canada’s AI facility, adding roughly $70 million in annual recurring revenue.
1. Trump Highlights Nvidia’s Role
President Trump spotlighted Nvidia’s participation in domestic chipmaking initiatives alongside Intel and Apple. He emphasized the need to design and build chips in America, noting Nvidia as a high-profile partner in recent efforts to expand U.S. semiconductor manufacturing capacity.
2. Hive Digital’s $220M Investment
Hive Digital secured a $220 million investment from Bell Canada and Cohere to deploy 2,304 Nvidia processors at a new AI facility in British Columbia. This project is slated to start by early 2027 and is expected to contribute about $70 million in annual recurring revenue for Hive.
3. Implications for Nvidia Demand
Demand for Nvidia GPUs in domestic AI and HPC projects could accelerate as companies seek to diversify supply chains and enhance U.S. chip capacity. Increased deployments in such deals may bolster Nvidia's growth outlook despite competition in advanced chip manufacturing.
