Bitcoin mining company HIVE signs $350 million AI cloud services contract, expected to increase annualized revenue by $70 million
Source:
www.theblock.co
According to The Block, Bitcoin mining company HIVE Digital Technologies signed a five-year, approximately $350 million GPU cloud service agreement through its BUZZ High Performance Computing subsidiary, with an undisclosed investment-grade enterprise as the client. The contract is expected to add approximately $70 million in annualized revenue for HIVE, bringing BUZZ HPC's total annualized revenue to approximately $180 million.