HIVE unit BUZZ HPC signs 5-year GPU cloud services deal worth USD 350 million
HIVE•Deployment, capex and revenue expectations
The deployment includes 2,016 NVIDIA Blackwell Ultra GPUs; the cluster is expected to go live later this year at Bell’s Merritt, British Columbia facility.
Expected capex totals about USD 185 million; the customer is to pay an upfront deposit of about USD 35 million.
GPU infrastructure delivery and deployment are targeted for calendar Q4; HPC/AI daily revenue is projected at about USD 500,000.
Five-year GPU cloud services deal with enterprise customer
HIVE’s BUZZ HPC signed a five-year GPU cloud services deal with an investment-grade enterprise customer worth about USD 350 million.
The contract implies about USD 70 million of annualized revenue; BUZZ HPC annualized revenue rises to about USD 180 million.
