CryptoBriefing and Yahoo Finance both cover HIVE Digital's $350M GPU cloud contract but disagree on who the customer actually is.
CryptoBriefing and Yahoo Finance both cover HIVE Digital's $350M GPU cloud contract but disagree on who the customer actually is.
What all sources agree on
- The deal is worth approximately $350 million over five years.
- HIVE Digital will deploy 2,016 Nvidia Blackwell (Blackwell Ultra) GPUs.
- The deployment is at a facility in Merritt, British Columbia.
- The project requires approximately $185 million in capital expenditure.
- The GPU cloud business is expected to generate $500,000 per day in revenue once fully operational.
- The deal is expected to add $70 million in annual recurring revenue, putting ARR at about $180 million.
- The facility is expected to be fully operational in Q4 2026.
- HIVE Digital is described as a Bitcoin miner that has expanded into AI/HPC data centre operations.
Where the reports disagree
1Identity of the contract customer
The unnamed customer is described as an investment-grade enterprise.
The stock of Canada's HIVE Digital (NASDAQ: $HIVE) is up 14% on news that the company has signed an artificial intelligence (A.I.) cloud computing contract with chipmaker Nvidia (NASDAQ: $NVDA).
What would settle it: HIVE Digital's own contract announcement, SEC/SEDAR filing, or a named counterparty confirmation identifying the customer.
2Role of Nvidia in the deal
Nvidia Blackwell GPUs are merely the hardware being deployed.
The deal with Nvidia is reportedly worth $350 million U.S. to HIVE Digital over five years.
What would settle it: HIVE Digital's own contract announcement, SEC/SEDAR filing, or a named counterparty confirmation identifying the customer.
What to make of it
Treat the deal's size, timeline, hardware count, and financial figures ($350M, $185M capex, $500K/day, $180M ARR) as consistently reported; do not treat the identity of the customer as settled, since one outlet says it is an unnamed enterprise and the other says it is Nvidia itself.
Treat the deal's size, timeline, hardware count, and financial figures ($350M, $185M capex, $500K/day, $180M ARR) as consistently reported; do not treat the identity of the customer as settled, since one outlet says it is an unnamed enterprise and the other says it is Nvidia itself.
