News linked to both this project and an event.
Odaily News - Digital infrastructure company HIVE Digital Technologies' high-performance computing division, BUZZ High Performance Computing, has signed a five-year AI cloud services contract worth approximately $350 million with an undisclosed investment-grade enterprise client. The contract is expected to generate approximately $70 million in additional annual revenue, bringing BUZZ HPC's annualized revenue to approximately $180 million. BUZZ HPC will deploy 2,016 NVIDIA Blackwell Ultra GPUs, utilizing the GB300 NVL72 system, NVIDIA Quantum-X800 InfiniBand networking, and VAST Data storage. The cluster is expected to become operational later this year at Bell's AI Fabric facility in Merritt, British Columbia, Canada, which runs on renewable hydroelectric power and closed-loop liquid cooling technology. HIVE estimates the project's capital expenditure at approximately $185 million, which will be funded through previously announced financing and new equipment debt. The company expects daily revenue of approximately $500,000 from its HPC and AI business once the cluster is fully operational, and plans to achieve $200 million in annualized GPU cloud services revenue by year-end. The company holds approximately 400 megawatts of capacity in Canada, which can support over 120,000 GPUs over the next two years. (Bitcoin.com News)
Odaily News: Nvidia (NVDA) shares have surged more than 10% this week, while the Philadelphia Semiconductor Index (SOX) rose over 8% during the same period. The sector had previously been sold off on concerns over the scale of AI infrastructure investment and high valuations of chip companies, but market sentiment has since recovered.Nvidia's gains were partly boosted by positive developments at SpaceX. During SpaceX's first earnings call, Musk stated that the company will build data centers both on the ground and in space in the future, and will exclusively use Nvidia chips.Meanwhile, the market remains focused on HBM memory supply pressure. According to The Information, Nvidia is testing a version of its Rubin Ultra chip with reduced HBM configuration to address the global shortage of high-bandwidth memory. (Yahoo Finance)