HIVE jumps 10% on $220m Canada AI deal

HIVE Digital Technologies shares rose 10% pre-market on a $220 million, three-year GPU cloud contract with Bell Canada and Cohere. The deal deploys 2,304 Nvidia Grace Blackwell GPUs at Bell's AI Fabric facility in British Columbia, adding roughly $70 million in annual recurring revenue and pushing contracted HPC revenue above $100 million.