HIVE’s BUZZ HPC Sees Monthly ARR Rise from $1M to $3M with $140M ARR Target
HIVE Digital’s BUZZ HPC arm increased monthly ARR from $1M to over $3M in the past year and is targeting $10M monthly ARR to drive near-term $35M annualized revenue with a longer-term goal of $140M ARR. Canada West’s liquid-cooled GPU clusters will add another $50M to HPC ARR.
1. Infrastructure-First Growth Strategy
BUZZ HPC’s leadership emphasizes guaranteed contracted revenue before scaling capital expenditure, focusing on disciplined deployments to mitigate market volatility and sustain durable margins throughout the AI supercycle.
2. ARR Expansion Trajectory
Monthly ARR has grown from approximately $1M a year ago to over $3M today, with management targeting $10M in monthly ARR to underpin near-term annualized revenue of $35M and a longer-term ARR goal of $140M.
3. Canada West Data Center Impact
The newly deployed liquid-cooled GPU clusters at the Canada West facility are set to contribute an additional $50M in ARR to BUZZ HPC, reinforcing its position as HIVE’s core AI computing engine alongside its original green-energy mining operations.